Pathstone Holdings LLC Sells 2,996 Shares of Aon plc (NYSE:AON)

Pathstone Holdings LLC reduced its position in Aon plc (NYSE:AON - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,667 shares of the financial services provider's stock after selling 2,996 shares during the quarter. Pathstone Holdings LLC's holdings in AON were worth $14,965,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider's stock worth $7,010,714,000 after acquiring an additional 88,361 shares in the last quarter. Geode Capital Management LLC raised its holdings in AON by 14.5% during 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 buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock worth $921,182,000 after buying an additional 343,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider's stock worth $824,498,000 after buying an additional 64,720 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in AON by 9.3% during the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock worth $775,406,000 after buying an additional 183,442 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.7%

Shares of AON opened at $352.50 on Thursday. The firm has a market cap of $76.12 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.12 and a beta of 0.89. 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 fifty-two week low of $275.07 and a fifty-two week high of $412.97. The firm has a 50 day moving average price of $374.55 and a 200-day moving average price of $375.22.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share 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 business 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 posted $5.66 earnings per share. The company's revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 1st. AON's dividend payout ratio is currently 25.38%.

Analyst Ratings Changes

Several brokerages have recently commented on AON. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday. Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $391.75.

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.

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.