Aon plc (NYSE:AON) Shares Sold by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. trimmed its holdings in shares of Aon plc (NYSE:AON - Free Report) by 34.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,885 shares of the financial services provider's stock after selling 1,511 shares during the period. Greenwood Gearhart Inc.'s holdings in AON were worth $1,151,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake in AON by 20.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 181 shares in the last quarter. TD Private Client Wealth LLC increased its stake in AON by 9.2% in the 4th quarter. TD Private Client Wealth LLC now owns 3,066 shares of the financial services provider's stock valued at $1,101,000 after purchasing an additional 258 shares in the last quarter. Millstone Evans Group LLC purchased a new position in AON in the 4th quarter valued at approximately $32,000. LPL Financial LLC increased its stake in AON by 9.0% in the 4th quarter. LPL Financial LLC now owns 68,425 shares of the financial services provider's stock valued at $24,576,000 after purchasing an additional 5,660 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in AON by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock valued at $7,010,714,000 after purchasing an additional 88,361 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AON. Barclays dropped their price objective on AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Wells Fargo & Company reissued an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Evercore ISI dropped their price target on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $403.00.

AON Trading Up 0.0%

Shares of AON stock traded up $0.12 during mid-day trading on Thursday, hitting $357.40. 1,052,891 shares of the company's stock were exchanged, compared to its average volume of 1,309,216. Aon plc has a fifty-two week low of $298.20 and a fifty-two week high of $412.97. The stock has a 50-day simple moving average of $358.09 and a two-hundred day simple moving average of $370.42. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The stock has a market cap of $77.18 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.11 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last issued its 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 15.58% and a return on equity of 52.71%. The firm 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 EPS. AON's revenue was up 16.2% compared to the same quarter last year. Equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 1st. AON's payout ratio is currently 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.