Triumph Capital Management Reduces Stock Holdings in Aon plc (NYSE:AON)

Triumph Capital Management cut its position in Aon plc (NYSE:AON - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,049 shares of the financial services provider's stock after selling 1,000 shares during the quarter. Triumph Capital Management's holdings in AON were worth $1,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in AON during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew 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 purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter worth $32,000. Centricity Wealth Management LLC purchased a new stake in shares of AON in the fourth quarter worth $39,000. Finally, Kestra Investment Management LLC bought a new stake in AON during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Down 1.2%

AON traded down $4.52 on Wednesday, hitting $357.91. 910,028 shares of the company were exchanged, compared to its average volume of 1,204,124. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97. The firm has a fifty day simple moving average of $371.70 and a two-hundred day simple moving average of $375.08. The stock has a market capitalization of $77.29 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its 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 firm 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%. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.66 earnings per share. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current 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 issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 25.38%.

Wall Street Analyst Weigh In

AON has been the topic of several recent analyst reports. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Piper Sandler raised 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. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Barclays decreased their price target on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $391.75.

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.