Banque Pictet & Cie SA Reduces Stake in Aon plc (NYSE:AON)

Banque Pictet & Cie SA trimmed its position in shares of Aon plc (NYSE:AON - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,023 shares of the financial services provider's stock after selling 1,611 shares during the period. Banque Pictet & Cie SA's holdings in AON were worth $16,771,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Steward Partners Investment Advisory LLC increased its stake in shares of AON by 29.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,807 shares of the financial services provider's stock valued at $649,000 after buying an additional 408 shares during the period. Proficio Capital Partners LLC boosted its holdings in AON by 20.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider's stock valued at $391,000 after acquiring an additional 181 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in AON during the 4th quarter valued at $460,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after purchasing an additional 20,942 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of AON by 7.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,890 shares of the financial services provider's stock valued at $9,658,000 after purchasing an additional 1,893 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AON shares. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Wells Fargo & Company raised their price objective on AON from $436.00 to $438.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays reduced their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group lifted their price target on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, AON presently has an average rating of "Hold" and a consensus target price of $403.00.

AON Stock Down 0.9%

AON stock traded down $3.15 during midday trading on Friday, hitting $355.85. The company's stock had a trading volume of 857,263 shares, compared to its average volume of 1,165,564. The company has a market cap of $76.84 billion, a PE ratio of 30.31, a P/E/G ratio of 2.13 and a beta of 0.84. The firm's 50-day moving average is $358.20 and its 200-day moving average is $370.64. Aon plc has a 12 month low of $294.01 and a 12 month high of $412.97. 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 (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS 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 analysts' expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The company's quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the business earned $5.66 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

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.