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

AON logo with Finance background

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.

View Our Latest Report on AON

AON Company Profile

(Free Report)

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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