Lbmc Investment Advisors LLC Lowers Position in Aon plc (NYSE:AON)

Lbmc Investment Advisors LLC trimmed its position in shares of Aon plc (NYSE:AON - Free Report) by 54.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,391 shares of the financial services provider's stock after selling 11,357 shares during the period. Lbmc Investment Advisors LLC's holdings in AON were worth $3,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AON. Value Partners Investments Inc. grew its position in AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after acquiring an additional 28 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after purchasing an additional 31 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after acquiring an additional 33 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after acquiring an additional 33 shares in the last quarter. Finally, Keel Point LLC boosted its position in AON by 5.1% during the fourth quarter. Keel Point LLC now owns 779 shares of the financial services provider's stock worth $280,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Performance

NYSE AON traded down $2.19 on Thursday, reaching $370.43. The stock had a trading volume of 505,650 shares, compared to its average volume of 1,191,235. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a fifty day moving average of $365.38 and a two-hundred day moving average of $374.07. Aon plc has a 1-year low of $282.98 and a 1-year high of $412.97. The company has a market cap of $79.99 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the business posted $5.66 earnings per share. The company's revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AON shares. Barclays decreased their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Finally, Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, AON currently has a consensus rating of "Hold" and an average price target of $397.27.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.