Aon plc (NYSE:AON) Shares Sold by Heritage Family Offices LLP

Heritage Family Offices LLP decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,273 shares of the financial services provider's stock after selling 678 shares during the period. Heritage Family Offices LLP's holdings in AON were worth $907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AON. Vanguard Group Inc. increased its holdings in AON by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock valued at $7,010,714,000 after buying an additional 88,361 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp increased its position in AON by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock worth $921,182,000 after purchasing an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in AON by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock worth $824,498,000 after acquiring an additional 64,720 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock valued at $775,406,000 after purchasing an additional 183,442 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Down 0.4%

Shares of AON stock traded down $1.44 on Wednesday, reaching $373.04. 852,259 shares of the stock were exchanged, compared to its average volume of 1,193,824. Aon plc has a 1-year low of $282.98 and a 1-year high of $412.97. The stock has a market cap of $80.55 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a 50 day moving average of $365.80 and a two-hundred day moving average of $374.07.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.66 earnings per share. On average, research analysts anticipate 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 given 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 yield of 0.80%. AON's dividend payout ratio (DPR) is 25.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Evercore ISI dropped their price target on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.