Woodline Partners LP Sells 68,997 Shares of Aon plc (NYSE:AON)

Woodline Partners LP reduced its holdings in shares of Aon plc (NYSE:AON - Free Report) by 22.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,757 shares of the financial services provider's stock after selling 68,997 shares during the quarter. AON makes up approximately 0.6% of Woodline Partners LP's holdings, making the stock its 28th biggest position. Woodline Partners LP owned approximately 0.11% of AON worth $86,470,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of AON in the 4th quarter valued at approximately $32,000. Centricity Wealth Management LLC acquired a new stake in shares of AON in the 4th quarter valued at approximately $39,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of AON in the 4th quarter valued at approximately $39,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Redburn Partners set a $445.00 price target on AON in a report on Tuesday, March 25th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their price target for the company from $384.00 to $378.00 in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $391.75.

AON Stock Up 0.8%

Shares of NYSE AON opened at $364.71 on Tuesday. 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 52 week low of $275.07 and a 52 week high of $412.97. The stock has a market capitalization of $78.76 billion, a P/E ratio of 28.81, a PEG ratio of 2.12 and a beta of 0.89. The stock's fifty day moving average is $372.33 and its 200 day moving average is $375.17.

AON (NYSE:AON - Get Free Report) last issued 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 company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.66 EPS. Sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.82%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio 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.

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