Silvercrest Asset Management Group LLC Reduces Stock Holdings in Aon plc (NYSE:AON)

Silvercrest Asset Management Group LLC lessened its holdings in Aon plc (NYSE:AON - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,410 shares of the financial services provider's stock after selling 2,488 shares during the period. Silvercrest Asset Management Group LLC's holdings in AON were worth $9,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new stake in AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. lifted its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of AON during the 4th quarter worth $32,000. Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter worth $39,000. Finally, Kestra Investment Management LLC acquired a new position in AON in the fourth quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AON shares. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Royal Bank of Canada raised their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods cut their target price on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AON presently has an average rating of "Hold" and an average price target of $391.75.

AON Stock Down 1.2%

Shares of AON stock traded down $4.52 on Wednesday, hitting $357.91. The stock had a trading volume of 910,028 shares, compared to its average volume of 1,205,114. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The stock has a market cap of $77.29 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The business has a 50 day moving average of $371.70 and a 200 day moving average of $375.08. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The business had revenue of $4.73 billion during 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 quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.66 EPS. As a group, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. AON's dividend payout ratio (DPR) is currently 25.38%.

AON Company 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.