Good Life Advisors LLC Sells 1,420 Shares of Aon plc (NYSE:AON)

Good Life Advisors LLC reduced its stake in Aon plc (NYSE:AON - Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,083 shares of the financial services provider's stock after selling 1,420 shares during the quarter. Good Life Advisors LLC's holdings in AON were worth $831,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AON. Norges Bank bought a new position in AON in the 4th quarter worth $596,665,000. Artisan Partners Limited Partnership increased its stake in AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock worth $742,582,000 after buying an additional 960,204 shares in the last quarter. GAMMA Investing LLC increased its stake in AON by 56,460.0% in the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after buying an additional 760,516 shares in the last quarter. Geode Capital Management LLC increased its stake in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after buying an additional 627,742 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in AON by 5,877.4% in the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after buying an additional 527,204 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.1%

AON traded down $0.39 on Wednesday, hitting $350.42. The company had a trading volume of 1,035,597 shares, compared to its average volume of 1,175,707. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The company has a market cap of $75.67 billion, a PE ratio of 29.85, a PEG ratio of 2.10 and a beta of 0.86. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The business's fifty day simple moving average is $361.08 and its 200 day simple moving average is $372.07.

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

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.85%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is presently 25.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AON. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. Barclays cut their price objective on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. raised 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. One investment 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 currently has an average rating of "Hold" and an average 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.