Aon plc (NYSE:AON) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 707,723 shares of the financial services provider's stock after selling 8,273 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.33% of AON worth $254,187,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Value Partners Investments Inc. boosted its position in AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after buying an additional 28 shares during the period. V Square Quantitative Management LLC grew its position in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after buying an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock valued at $1,326,000 after acquiring an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Price Performance

NYSE:AON traded down $0.83 during trading hours on Thursday, hitting $353.23. The company's stock had a trading volume of 301,586 shares, compared to its average volume of 1,230,529. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50-day moving average is $383.95 and its two-hundred day moving average is $375.51. The company has a market capitalization of $76.28 billion, a PE ratio of 27.90, a PEG ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS 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 company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the business earned $5.66 EPS. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. As a group, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AON. Barclays dropped their price objective on shares of AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday. Evercore ISI dropped their price objective on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday. Keefe, Bruyette & Woods lowered their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $384.00 to $378.00 in a report on Monday. Finally, Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.