Dover Advisors LLC Sells 50 Shares of Aon plc (NYSE:AON)

Dover Advisors LLC lessened its stake in shares of Aon plc (NYSE:AON) by 7.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 625 shares of the financial services provider’s stock after selling 50 shares during the period. Dover Advisors LLC’s holdings in AON were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AON. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter worth about $32,000. Centricity Wealth Management LLC bought a new stake in AON during the fourth quarter worth about $39,000. Kestra Investment Management LLC bought a new position in shares of AON in the fourth quarter valued at approximately $39,000. Nemes Rush Group LLC acquired a new position in shares of AON in the 4th quarter worth approximately $55,000. Finally, Orion Capital Management LLC bought a new stake in AON during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE:AON opened at $352.67 on Friday. The company has a market capitalization of $76.16 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 2.12 and a beta of 0.86. The firm’s 50 day simple moving average is $361.74 and its 200 day simple moving average is $372.66. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a fifty-two week low of $285.35 and a fifty-two week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results 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 firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the business earned $5.66 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Aon plc will post 17.21 earnings per share 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 issued 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 was Thursday, May 1st. AON’s dividend payout ratio is 25.38%.

Analyst Ratings Changes

A number of research firms have commented on AON. Evercore ISI reduced their price objective on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Redburn Atlantic raised shares of AON to a “hold” rating in a report on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Finally, Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $397.27.

About AON

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.