Kovitz Investment Group Partners LLC Lowers Stock Holdings in Aon plc (NYSE:AON)

Kovitz Investment Group Partners LLC trimmed its stake in Aon plc (NYSE:AON - Free Report) by 94.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,087 shares of the financial services provider's stock after selling 285,427 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in AON were worth $5,777,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. lifted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of AON during the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AON. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Barclays cut their target price on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $384.00 to $378.00 in a report on Monday. Finally, Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of "Hold" and an average target price of $390.67.

AON Trading Up 1.5 %

Shares of AON traded up $5.13 during trading hours on Wednesday, hitting $355.03. The company had a trading volume of 1,752,126 shares, compared to its average volume of 1,246,657. The firm has a market cap of $76.69 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.12 and a beta of 0.82. 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 stock's 50 day moving average price is $384.64 and its 200 day moving average price is $375.65.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter last year, the company posted $5.66 EPS. AON's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date is Thursday, May 1st. AON's dividend payout ratio is 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.