Aon plc (NYSE:AON) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. decreased its holdings in Aon plc (NYSE:AON - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,543 shares of the financial services provider's stock after selling 4,214 shares during the period. AON accounts for about 1.6% of Financiere des Professionnels Fonds d investissement inc.'s holdings, making the stock its 12th biggest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in AON were worth $24,561,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AON. Relyea Zuckerberg Hanson LLC lifted its position in AON by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 27 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in shares of AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 28 shares in the last quarter. Brighton Jones LLC lifted its stake in AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after acquiring an additional 29 shares during the period. Wesbanco Bank Inc. raised its stake in AON by 0.3% during the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after buying an additional 31 shares during the last quarter. Finally, Conning Inc. boosted its holdings in shares of AON by 2.0% in the first quarter. Conning Inc. now owns 1,648 shares of the financial services provider's stock worth $658,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Down 0.4%

Shares of NYSE:AON traded down $1.26 during trading on Monday, hitting $353.50. The company's stock had a trading volume of 235,134 shares, compared to its average volume of 1,158,241. The business has a 50 day moving average price of $357.74 and a two-hundred day moving average price of $370.89. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $76.33 billion, a PE ratio of 30.11, a P/E/G ratio of 2.12 and a beta of 0.84. Aon plc has a fifty-two week low of $292.45 and a fifty-two week high of $412.97.

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

AON Increases Dividend

The company also recently announced 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. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON's payout ratio is presently 25.38%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Barclays lowered their target price on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Jefferies Financial Group increased their target price 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. Finally, Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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.