Rothschild Investment LLC Cuts Position in Aon plc (NYSE:AON)

Rothschild Investment LLC reduced its position in shares of Aon plc (NYSE:AON - Free Report) by 37.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,174 shares of the financial services provider's stock after selling 2,530 shares during the period. Rothschild Investment LLC's holdings in AON were worth $1,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in AON by 2.6% during 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 purchasing an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after acquiring an additional 20,942 shares during the period. Aviva PLC boosted its stake in shares of AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after acquiring an additional 40,850 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of AON by 5.8% during 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 during the period. Finally, Proficio Capital Partners LLC increased its stake in shares of 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 worth $140,404,000 after purchasing an additional 390,017 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AON shares. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday, March 25th. 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. Evercore ISI dropped their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Barclays dropped their price objective on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AON has an average rating of "Hold" and an average price target of $397.27.

AON Trading Down 0.4%

NYSE:AON traded down $1.38 during trading hours on Tuesday, reaching $374.78. 1,169,138 shares of the stock were exchanged, compared to its average volume of 1,195,742. 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 company has a market capitalization of $80.93 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.12 and a beta of 0.89. Aon plc has a twelve month low of $278.60 and a twelve month high of $412.97. The business has a 50-day moving average of $366.28 and a two-hundred day moving average of $374.07.

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). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the business posted $5.66 earnings per share. The firm's revenue was up 16.2% on a year-over-year basis. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio (DPR) 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.