Sentry Investment Management LLC Has $238,000 Position in Aon plc (NYSE:AON)

Sentry Investment Management LLC decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 67.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 652 shares of the financial services provider's stock after selling 1,356 shares during the period. Sentry Investment Management LLC's holdings in AON were worth $238,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Value Partners Investments Inc. lifted its holdings in shares of AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 28 shares during the period. V Square Quantitative Management LLC lifted its position in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after purchasing an additional 31 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after purchasing an additional 33 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 33 shares during the last quarter. Finally, Keel Point LLC boosted its stake in shares of AON by 5.1% in the 4th quarter. Keel Point LLC now owns 779 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 38 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI lowered their target price on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. Finally, Barclays lowered their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $397.27.

AON Stock Performance

NYSE:AON traded down $2.28 during mid-day trading on Thursday, hitting $370.34. 1,177,690 shares of the stock were exchanged, compared to its average volume of 1,193,759. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm's 50-day simple moving average is $365.38 and its 200 day simple moving average is $374.07. Aon plc has a fifty-two week low of $282.98 and a fifty-two week high of $412.97. The stock has a market capitalization of $79.97 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

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 the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $5.66 earnings per share. As a group, equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is 25.38%.

About AON

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.