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

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.

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

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.