Aon plc (NYSE:AON) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC reduced its holdings in shares of Aon plc (NYSE:AON) by 16.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,602 shares of the financial services provider’s stock after selling 502 shares during the period. Beacon Pointe Advisors LLC’s holdings in AON were worth $935,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of AON in the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC raised its stake 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 worth $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in AON in the 4th quarter valued at $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Redburn Partners set a $445.00 target price on shares of AON in a research note on Tuesday, March 25th. Jefferies Financial Group raised their price objective on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada boosted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $384.00 to $378.00 in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $390.67.

AON Price Performance

AON stock opened at $356.16 on Friday. 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 firm’s 50-day simple moving average is $382.31 and its 200 day simple moving average is $375.45. Aon plc has a 52 week low of $275.07 and a 52 week high of $412.97. The firm has a market capitalization of $76.91 billion, a PE ratio of 28.13, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last released its quarterly earnings results 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 business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the prior year, the company earned $5.66 earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities research analysts predict 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 will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given 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 dividend yield of 0.84%. The ex-dividend date is Thursday, May 1st. AON’s dividend payout ratio is currently 25.38%.

AON Company 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.