Financiere des Professionnels Fonds d investissement inc. Reduces Holdings in Aon plc (NYSE:AON)

Financiere des Professionnels Fonds d investissement inc. cut its holdings in shares of Aon plc (NYSE:AON - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,543 shares of the financial services provider's stock after selling 4,214 shares during the quarter. AON makes up approximately 1.6% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 12th largest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in AON were worth $24,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter worth approximately $32,000. Tsfg LLC bought a new stake in AON in the 1st quarter worth about $37,000. Garde Capital Inc. bought a new stake in AON in the 1st quarter worth about $42,000. Nemes Rush Group LLC bought a new stake in shares of AON during the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC bought a new stake in shares of AON during the 4th quarter valued at about $63,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock traded down $1.57 on Monday, reaching $353.19. 1,183,257 shares of the stock were exchanged, compared to its average volume of 1,161,966. 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 plc has a twelve month low of $292.45 and a twelve month high of $412.97. The firm has a market capitalization of $76.27 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.12 and a beta of 0.84. The business has a 50 day moving average price of $357.74 and a two-hundred day moving average price of $370.89.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The company's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.66 earnings per share. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON's payout ratio is 25.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their target price for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Evercore ISI dropped their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $396.33.

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.