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Aon plc (NYSE:AON) Shares Sold by Crossmark Global Holdings Inc.

AON logo with Finance background

Crossmark Global Holdings Inc. decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,836 shares of the financial services provider's stock after selling 855 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in AON were worth $2,728,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

AON has been the topic of a number of research reports. Redburn Atlantic upgraded AON to a "hold" rating in a research note on Tuesday, March 25th. Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Barclays dropped their target price on AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $395.87.

Read Our Latest Stock Report on AON

AON Price Performance

Shares of AON stock traded up $1.97 during trading on Thursday, reaching $358.89. The company's stock had a trading volume of 1,116,755 shares, compared to its average volume of 1,166,109. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a 12-month low of $292.45 and a 12-month high of $412.97. The company has a market capitalization of $77.50 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The business has a 50 day moving average price of $358.06 and a 200-day moving average price of $370.64.

AON (NYSE:AON - Get Free Report) last released its quarterly 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). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business's revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.66 EPS. As a group, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

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

AON 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.

See Also

Institutional Ownership by Quarter for AON (NYSE:AON)

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