Sendero Wealth Management LLC Lowers Holdings in Aon plc (NYSE:AON)

Sendero Wealth Management LLC trimmed its stake in Aon plc (NYSE:AON - Free Report) by 29.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,217 shares of the financial services provider's stock after selling 1,322 shares during the period. Sendero Wealth Management LLC's holdings in AON were worth $1,284,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter worth about $32,000. Centricity Wealth Management LLC purchased a new stake in AON in the 4th quarter worth approximately $39,000. Kestra Investment Management LLC bought a new stake in AON during the 4th quarter worth approximately $39,000. Nemes Rush Group LLC purchased a new position in AON during the fourth quarter valued at approximately $55,000. Finally, Orion Capital Management LLC bought a new position in shares of AON in the fourth quarter worth approximately $63,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AON. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. Evercore ISI lowered their price target on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Redburn Partners set a $445.00 target price on shares of AON in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $397.27.

AON Trading Up 0.2%

Shares of NYSE AON traded up $0.62 during trading hours on Friday, hitting $371.11. 396,341 shares of the company traded hands, compared to its average volume of 1,190,664. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $282.98 and a 12 month high of $412.97. The stock has a market capitalization of $80.14 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The company's 50 day moving average price is $364.81 and its 200 day moving average price is $374.00.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results 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 for 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%. AON's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.66 earnings per share. On average, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

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