Aon plc (NYSE:AON) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its position in shares of Aon plc (NYSE:AON - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,023 shares of the financial services provider's stock after selling 1,611 shares during the quarter. Banque Pictet & Cie SA's holdings in AON were worth $16,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of AON in the fourth quarter worth $32,000. Tsfg LLC acquired a new position in shares of AON in the first quarter worth $37,000. Garde Capital Inc. acquired a new position in shares of AON in the first quarter worth $42,000. Nemes Rush Group LLC acquired a new position in shares of AON in the fourth quarter worth $55,000. Finally, Orion Capital Management LLC purchased a new stake in shares of AON during the fourth 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 recent research reports. Barclays cut their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research note on Monday. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI cut their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $395.87.

AON Stock Performance

NYSE AON traded up $1.97 during trading hours on Thursday, hitting $358.89. 1,116,755 shares of the stock were exchanged, compared to its average volume of 1,167,086. The company has a market cap of $77.50 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84. Aon plc has a 12-month low of $294.01 and a 12-month high of $412.97. The stock has a 50-day moving average of $358.20 and a 200 day moving average of $370.64. 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 released its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS 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 business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the business posted $5.66 EPS. AON's revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 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.