Man Group plc Sells 13,915 Shares of Aon plc (NYSE:AON)

Man Group plc decreased its position in Aon plc (NYSE:AON - Free Report) by 56.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,802 shares of the financial services provider's stock after selling 13,915 shares during the period. Man Group plc's holdings in AON were worth $3,880,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after acquiring an additional 20,942 shares in the last quarter. Aviva PLC lifted its stake in AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after acquiring an additional 40,850 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

AON Stock Down 1.2%

AON stock opened at $357.91 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $77.29 billion, a PE ratio of 28.27, a PEG ratio of 2.12 and a beta of 0.89. Aon plc has a 1-year low of $275.07 and a 1-year high of $412.97. The business's 50 day simple moving average is $370.87 and its 200 day simple moving average is $374.96.

AON (NYSE:AON - Get Free Report) last issued 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). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the company earned $5.66 earnings per share. The business's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, 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 issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is currently 25.38%.

Wall Street Analyst Weigh In

AON has been the topic of a number of analyst reports. Redburn Partners set a $445.00 price objective on AON in a research note on Tuesday, March 25th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Jefferies Financial Group upped their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Redburn Atlantic upgraded AON to a "hold" rating in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $391.75.

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.

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