Diversified Trust Co Sells 1,194 Shares of Aon plc (NYSE:AON)

Diversified Trust Co lessened its holdings in Aon plc (NYSE:AON - Free Report) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,797 shares of the financial services provider's stock after selling 1,194 shares during the quarter. Diversified Trust Co's holdings in AON were worth $6,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Portside Wealth Group LLC lifted its stake in AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after purchasing an additional 9,302 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after buying an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after acquiring an additional 20,942 shares during the period. Aviva PLC increased its holdings in AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after acquiring an additional 40,850 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after acquiring an additional 390,017 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON opened at $353.88 on Friday. Aon plc has a 12-month low of $288.50 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. The company has a market cap of $76.42 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The stock has a 50-day moving average price of $358.37 and a 200-day moving average price of $370.91.

AON (NYSE:AON - Get Free Report) last announced its 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). AON had a net margin of 15.58% and a return on equity of 52.71%. The company had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same period in the prior year, the business earned $5.66 earnings per share. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal 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 $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's payout ratio is 25.38%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AON shares. Keefe, Bruyette & Woods cut their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Redburn Partners set a $445.00 price objective on shares of AON in a research note on Tuesday, March 25th. Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a research report on Tuesday, May 13th. Finally, Barclays dropped their price objective on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report 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 an average rating of "Hold" and a consensus price target 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.

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