Park Avenue Securities LLC Has $1.53 Million Stake in Aon plc (NYSE:AON)

Park Avenue Securities LLC cut its position in Aon plc (NYSE:AON - Free Report) by 32.7% in the first quarter, according to the company in its most recent 13F 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 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AON. Millstone Evans Group LLC acquired a new stake in AON during the 4th quarter worth approximately $32,000. Centricity Wealth Management LLC acquired a new stake in shares of AON during the fourth quarter worth $39,000. Kestra Investment Management LLC purchased a new position in AON in the 4th quarter valued at $39,000. Nemes Rush Group LLC acquired a new position in AON in the 4th quarter valued at $55,000. Finally, Orion Capital Management LLC purchased a new position in AON during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AON. Redburn Partners set a $445.00 price target on AON in a research report on Tuesday, March 25th. Piper Sandler raised shares of 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. JPMorgan Chase & Co. upped their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a research report on Tuesday, May 13th. Finally, Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. 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, AON currently has an average rating of "Hold" and a consensus price target of $397.27.

AON Stock Up 1.8%

Shares of NYSE AON traded up $6.19 on Thursday, hitting $355.67. The company had a trading volume of 1,366,391 shares, compared to its average volume of 1,179,275. The firm has a market capitalization of $76.80 billion, a P/E ratio of 28.09, a PEG ratio of 2.12 and a beta of 0.86. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The business has a 50 day moving average of $362.04 and a two-hundred day moving average of $373.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

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

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 25.38%.

About AON

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.