Aon plc (NYSE:AON) Shares Sold by Prana Capital Management LP

Prana Capital Management LP decreased its position in Aon plc (NYSE:AON - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,163 shares of the financial services provider's stock after selling 131,771 shares during the period. AON accounts for approximately 2.2% of Prana Capital Management LP's investment portfolio, making the stock its 14th largest position. Prana Capital Management LP owned 0.06% of AON worth $47,109,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new stake in AON during the fourth quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during the 4th 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 period. Millstone Evans Group LLC acquired a new stake in shares of AON during the 4th quarter worth about $32,000. Centricity Wealth Management LLC purchased a new stake in AON in the 4th quarter valued at about $39,000. Finally, Kestra Investment Management LLC acquired a new position in AON in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Down 0.6%

NYSE AON traded down $2.12 on Tuesday, hitting $362.85. 245,205 shares of the stock were exchanged, compared to its average volume of 1,203,428. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. The company has a 50-day moving average price of $372.33 and a 200-day moving average price of $375.17. 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 company has a market cap of $78.35 billion, a PE ratio of 28.66, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same period last year, the firm earned $5.66 earnings per share. The firm's quarterly revenue was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is currently 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI decreased their target price on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Barclays lowered their target price on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.