Aon plc (NYSE:AON) Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC lessened its stake in Aon plc (NYSE:AON - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,522 shares of the financial services provider's stock after selling 2,051 shares during the period. Fiduciary Alliance LLC's holdings in AON were worth $2,204,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in AON in the fourth quarter valued at approximately $43,000. Caprock Group LLC increased its holdings in AON by 20.1% in the 4th quarter. Caprock Group LLC now owns 4,721 shares of the financial services provider's stock worth $1,696,000 after acquiring an additional 791 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in AON by 51.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 913 shares of the financial services provider's stock worth $322,000 after acquiring an additional 310 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in AON by 3.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,467 shares of the financial services provider's stock valued at $1,964,000 after purchasing an additional 194 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AON shares. Jefferies Financial Group lifted their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Evercore ISI lowered their target price on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $397.27.

AON Stock Down 0.4%

AON stock traded down $1.38 during mid-day trading on Tuesday, reaching $374.78. The company had a trading volume of 1,169,138 shares, compared to its average volume of 1,195,742. The firm has a fifty day simple moving average of $366.28 and a 200 day simple moving average of $374.07. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $80.93 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. Aon plc has a fifty-two week low of $278.60 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The company's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.66 EPS. Analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is presently 25.38%.

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.