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

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.

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

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.