Arlington Partners LLC Decreases Stake in Aon plc (NYSE:AON)

Arlington Partners LLC cut its stake in shares of Aon plc (NYSE:AON - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,506 shares of the financial services provider's stock after selling 739 shares during the period. AON accounts for approximately 1.8% of Arlington Partners LLC's portfolio, making the stock its 13th largest holding. Arlington Partners LLC's holdings in AON were worth $4,592,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in AON by 0.5% during the fourth 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. Geode Capital Management LLC increased its position in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock valued at $1,773,165,000 after buying an additional 627,742 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AON by 2.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock worth $824,498,000 after acquiring an additional 64,720 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock worth $775,406,000 after purchasing an additional 183,442 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Price Performance

NYSE:AON traded down $0.58 during trading hours on Thursday, hitting $353.88. 1,056,830 shares of the stock traded hands, compared to its average volume of 1,146,778. The company has a market cap of $76.42 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. Aon plc has a 1 year low of $288.50 and a 1 year high of $412.97. The stock has a 50 day moving average price of $358.64 and a 200 day moving average price of $371.01. 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 (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 the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The company's quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.66 EPS. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

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

Wall Street Analysts Forecast Growth

AON has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group lifted their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods decreased 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 assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AON currently has an average rating of "Hold" and an average target price of $397.27.

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.