Voloridge Investment Management LLC Trims Holdings in Aon plc (NYSE:AON)

Voloridge Investment Management LLC trimmed its holdings in Aon plc (NYSE:AON - Free Report) by 50.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,152 shares of the financial services provider's stock after selling 132,621 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.06% of AON worth $47,464,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after buying an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after buying an additional 20,942 shares during the period. Aviva PLC increased its stake in AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after buying an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after buying an additional 1,451 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after buying an additional 390,017 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent research reports. Jefferies Financial Group boosted their price objective on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. Barclays lowered their price target on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI lowered their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $397.27.

AON Price Performance

Shares of AON stock traded up $1.83 on Friday, hitting $357.16. The company's stock had a trading volume of 1,087,263 shares, compared to its average volume of 1,200,198. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a fifty day moving average price of $369.50 and a 200-day moving average price of $374.81. The company has a market capitalization of $77.13 billion, a P/E ratio of 28.21, 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 data 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). AON had a return on equity of 70.84% and a net margin of 16.91%. The business had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter in the prior year, the firm earned $5.66 earnings per share. AON's quarterly revenue was up 16.2% on a year-over-year basis. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date 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 payout ratio is currently 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.