Obermeyer Wealth Partners Sells 2,074 Shares of Aon plc (NYSE:AON)

Obermeyer Wealth Partners decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,090 shares of the financial services provider's stock after selling 2,074 shares during the period. AON accounts for about 2.0% of Obermeyer Wealth Partners' portfolio, making the stock its 16th biggest position. Obermeyer Wealth Partners' holdings in AON were worth $38,822,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AON. Vanguard Group Inc. boosted its holdings in AON by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock worth $7,010,714,000 after buying an additional 88,361 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after acquiring an additional 627,742 shares during the period. Bank of New York Mellon Corp grew its position in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 2.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock valued at $824,498,000 after purchasing an additional 64,720 shares during the period. Finally, Northern Trust Corp boosted its stake in AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock worth $775,406,000 after purchasing an additional 183,442 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

Shares of NYSE:AON opened at $353.52 on Tuesday. The firm's 50 day simple moving average is $376.48 and its 200-day simple moving average is $375.52. 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 one year low of $275.07 and a one year high of $412.97. The firm has a market cap of $76.34 billion, a PE ratio of 27.92, 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 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the firm earned $5.66 earnings per share. The business's revenue was up 16.2% compared to the same quarter last year. As a group, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm 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 dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON's dividend payout ratio (DPR) is currently 25.38%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI cut their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Barclays lowered their price target on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $390.67.

AON 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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