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Aon plc (NYSE:AON) Shares Sold by Lbp Am Sa

AON logo with Finance background

LBP AM SA lowered its position in shares of Aon plc (NYSE:AON - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,655 shares of the financial services provider's stock after selling 875 shares during the period. LBP AM SA's holdings in AON were worth $9,440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AON. Millstone Evans Group LLC bought a new position in shares of AON in the 4th quarter worth about $32,000. Tsfg LLC purchased a new position in AON during the 1st quarter valued at about $37,000. Garde Capital Inc. purchased a new position in AON during the 1st quarter valued at about $42,000. Nemes Rush Group LLC purchased a new position in AON during the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC purchased a new position in AON during the 4th quarter valued at about $63,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AON. Wells Fargo & Company lifted their target price on shares of AON from $436.00 to $438.00 and gave the stock an "overweight" rating in a report on Thursday. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and cut their target price for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Barclays lowered their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research note on Monday. Jefferies Financial Group raised their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $395.87.

Read Our Latest Research Report on AON

AON Stock Performance

AON stock traded up $1.97 during midday trading on Thursday, hitting $358.89. 1,116,755 shares of the stock traded hands, compared to its average volume of 1,167,086. The stock's fifty day simple moving average is $358.06 and its 200-day simple moving average is $370.64. Aon plc has a 1-year low of $294.01 and a 1-year high of $412.97. The firm has a market cap of $77.50 billion, a P/E ratio of 30.57, a PEG ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.66 EPS. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON's payout ratio is 25.38%.

AON Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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