Bank Pictet & Cie Europe AG Sells 9,120 Shares of Aon plc (NYSE:AON)

Bank Pictet & Cie Europe AG cut its position in shares of Aon plc (NYSE:AON - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 47,376 shares of the financial services provider's stock after selling 9,120 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in AON were worth $18,907,000 as of its most recent filing with the SEC.

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

AON Stock Performance

AON stock traded up $0.60 on Tuesday, reaching $350.64. 1,171,338 shares of the stock were exchanged, compared to its average volume of 1,178,100. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a twelve month low of $285.35 and a twelve month high of $412.97. The firm has a fifty day moving average price of $361.55 and a two-hundred day moving average price of $372.22. The stock has a market cap of $75.72 billion, a PE ratio of 22.24, a PEG ratio of 2.09 and a beta of 0.86.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.73 billion for 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%. AON's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.66 EPS. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.85%. This is a positive change from AON's previous quarterly dividend of $0.68. AON's payout ratio is 25.38%.

Analyst Ratings Changes

AON has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Redburn Atlantic upgraded AON to a "hold" rating in a report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $397.27.

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.