Aon plc (NYSE:AON) Stock Holdings Lowered by First Foundation Advisors

Key Points

• First Foundation Advisors reduced its stake in Aon plc by 21.6%, holding 16,023 shares worth $6,395,000 after selling 4,406 shares in the first quarter.
• Aon reported a solid EPS of $3.49 for the quarter, exceeding analyst expectations, while revenue remained steady at $4.16 billion, reflecting a 10.5% year-over-year increase.
• The company announced a quarterly dividend of $0.745 per share, set to be paid on August 15th, representing an annual yield of 0.81%.

First Foundation Advisors lessened its holdings in shares of Aon plc (NYSE:AON - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,023 shares of the financial services provider's stock after selling 4,406 shares during the period. First Foundation Advisors' holdings in AON were worth $6,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its stake in AON by 9.0% in the 4th quarter. LPL Financial LLC now owns 68,425 shares of the financial services provider's stock worth $24,576,000 after acquiring an additional 5,660 shares during the last quarter. Intrust Bank NA boosted its holdings in AON by 12.9% in the 4th quarter. Intrust Bank NA now owns 780 shares of the financial services provider's stock worth $280,000 after buying an additional 89 shares during the last quarter. Schroder Investment Management Group boosted its holdings in AON by 17.5% in the 4th quarter. Schroder Investment Management Group now owns 104,179 shares of the financial services provider's stock worth $37,293,000 after buying an additional 15,495 shares during the last quarter. RWA Wealth Partners LLC purchased a new position in AON in the 4th quarter worth approximately $250,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in AON by 8.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,955 shares of the financial services provider's stock worth $8,963,000 after purchasing an additional 1,986 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AON. Keefe, Bruyette & Woods decreased their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Piper Sandler raised their target price on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday. Evercore ISI lifted their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, 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 research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $409.21.

AON Stock Down 0.5%

AON stock traded down $1.88 during midday trading on Friday, hitting $353.09. 1,491,929 shares of the stock were exchanged, compared to its average volume of 1,329,120. Aon plc has a 1 year low of $322.95 and a 1 year high of $412.97. The firm has a market cap of $76.14 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.11 and a beta of 0.84. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.73. The company has a 50 day moving average price of $358.15 and a two-hundred day moving average price of $370.81.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 EPS. On average, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 1st. AON's payout ratio is 24.96%.

About AON

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.