Park Avenue Securities LLC Sells 1,859 Shares of Aon plc (NYSE:AON)

Park Avenue Securities LLC decreased its stake in Aon plc (NYSE:AON - Free Report) by 32.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,832 shares of the financial services provider's stock after selling 1,859 shares during the quarter. Park Avenue Securities LLC's holdings in AON were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in AON during the 4th quarter worth about $32,000. Centricity Wealth Management LLC acquired a new stake in shares of AON during the 4th quarter valued at about $39,000. Kestra Investment Management LLC acquired a new stake in shares of AON during the 4th quarter valued at about $39,000. Nemes Rush Group LLC acquired a new stake in shares of AON during the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC acquired a new stake in shares of AON during the 4th quarter valued at about $63,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AON shares. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a report on Tuesday, May 13th. Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AON currently has an average rating of "Hold" and an average price target of $397.27.

AON Trading Down 0.9%

Shares of AON traded down $3.11 on Friday, reaching $352.67. 1,025,261 shares of the company's stock were exchanged, compared to its average volume of 1,179,241. Aon plc has a 12 month low of $285.35 and a 12 month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $76.16 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The business has a 50 day moving average price of $361.74 and a two-hundred day moving average price of $372.66.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.66 EPS. Research analysts anticipate 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. Investors 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 yield of 0.84%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is currently 25.38%.

AON 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.