OneDigital Investment Advisors LLC Sells 1,316 Shares of Aon plc (NYSE:AON)

OneDigital Investment Advisors LLC trimmed its holdings in Aon plc (NYSE:AON - Free Report) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,773 shares of the financial services provider's stock after selling 1,316 shares during the quarter. OneDigital Investment Advisors LLC's holdings in AON were worth $3,102,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in AON during the 4th quarter valued at about $215,000. Jones Financial Companies Lllp lifted its position in AON by 24.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,808 shares of the financial services provider's stock worth $1,368,000 after purchasing an additional 744 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of AON by 29.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,807 shares of the financial services provider's stock valued at $649,000 after purchasing an additional 408 shares during the period. Assetmark Inc. raised its stake in shares of AON by 11.2% in the 4th quarter. Assetmark Inc. now owns 8,942 shares of the financial services provider's stock worth $3,212,000 after buying an additional 898 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in AON by 20.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,088 shares of the financial services provider's stock valued at $391,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AON shares. Redburn Atlantic raised shares of AON to a "hold" rating in a report on Tuesday, March 25th. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Evercore ISI decreased 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. JPMorgan Chase & Co. upped their price objective on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Barclays cut their price target on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday. One 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 company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $396.33.

AON Stock Performance

NYSE:AON traded down $1.57 during mid-day trading on Monday, hitting $353.19. 1,183,257 shares of the company's stock traded hands, compared to its average volume of 1,161,966. The firm has a market capitalization of $76.27 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The firm has a 50 day moving average of $357.74 and a two-hundred day moving average of $370.89. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a 12 month low of $292.45 and a 12 month high of $412.97.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the company earned $5.66 earnings per share. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's dividend payout ratio is 25.38%.

AON 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.