Silver Lake Advisory LLC Has $647,000 Holdings in Aon plc (NYSE:AON)

Silver Lake Advisory LLC trimmed its stake in shares of Aon plc (NYSE:AON - Free Report) by 55.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,622 shares of the financial services provider's stock after selling 2,001 shares during the period. Silver Lake Advisory LLC's holdings in AON were worth $647,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of AON by 33.4% during the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the financial services provider's stock worth $181,000 after buying an additional 126 shares during the period. Howard Capital Management Inc. bought a new stake in AON in the 4th quarter valued at approximately $448,000. Pine Valley Investments Ltd Liability Co boosted its position in AON by 17.6% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 11,873 shares of the financial services provider's stock worth $4,264,000 after acquiring an additional 1,780 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of AON by 2.8% in the fourth quarter. Amalgamated Bank now owns 42,992 shares of the financial services provider's stock worth $15,441,000 after purchasing an additional 1,155 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Up 0.2%

Shares of AON opened at $360.77 on Wednesday. The stock has a market capitalization of $77.90 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.15 and a beta of 0.86. Aon plc has a 52 week low of $285.35 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a fifty day moving average of $359.01 and a 200-day moving average of $371.12.

AON (NYSE:AON - Get Free Report) last announced 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 analyst estimates of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.66 earnings per share. As a group, sell-side 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. Stockholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is presently 25.38%.

Analyst Upgrades and Downgrades

AON has been the topic of several recent research reports. Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. Jefferies Financial Group raised their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. Evercore ISI reduced their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One investment 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $397.27.

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.

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