Aon plc (NYSE:AON) Holdings Trimmed by Heritage Family Offices LLP

Heritage Family Offices LLP lowered its position in shares of Aon plc (NYSE:AONFree Report) by 23.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,273 shares of the financial services provider’s stock after selling 678 shares during the period. Heritage Family Offices LLP’s holdings in AON were worth $907,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new position in AON during the fourth quarter valued at about $32,000. Centricity Wealth Management LLC bought a new position in AON during the fourth quarter valued at about $39,000. Kestra Investment Management LLC bought a new position in AON during the fourth quarter valued at about $39,000. Finally, R Squared Ltd bought a new position in AON during the fourth quarter valued at about $43,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.1%

Shares of AON stock opened at $376.26 on Tuesday. The stock’s 50 day simple moving average is $366.28 and its 200 day simple moving average is $374.07. 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 twelve month low of $278.60 and a twelve month high of $412.97. The company has a market capitalization of $81.25 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AONGet Free Report) last issued 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). The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.66 earnings per share. As a group, research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were 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 yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 1st. AON’s payout ratio is currently 25.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AON shares. Barclays decreased their price target on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $397.27.

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AON Profile

(Free Report)

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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