Aon plc (NYSE:AON) Position Lessened by Arlington Partners LLC

Arlington Partners LLC decreased its stake in Aon plc (NYSE:AON) by 6.0% during the 1st quarter, HoldingsChannel reports. The firm owned 11,506 shares of the financial services provider’s stock after selling 739 shares during the period. AON comprises 1.8% of Arlington Partners LLC’s holdings, making the stock its 13th largest position. Arlington Partners LLC’s holdings in AON were worth $4,592,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AON. Golden State Wealth Management LLC raised its holdings in shares of AON by 204.9% during the first quarter. Golden State Wealth Management LLC now owns 817 shares of the financial services provider’s stock valued at $326,000 after buying an additional 549 shares during the last quarter. MOKAN Wealth Management Inc. raised its stake in shares of AON by 2.1% during the first quarter. MOKAN Wealth Management Inc. now owns 3,086 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 62 shares in the last quarter. Mattern Capital Management LLC raised its stake in shares of AON by 5.7% during the first quarter. Mattern Capital Management LLC now owns 2,879 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 155 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of AON during the 1st quarter worth about $2,073,000. Finally, Cornerstone Wealth Group LLC raised its holdings in AON by 5.0% during the first quarter. Cornerstone Wealth Group LLC now owns 932 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

Shares of AON stock opened at $360.77 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. Aon plc has a fifty-two week low of $285.35 and a fifty-two week high of $412.97. The stock’s 50-day moving average is $359.01 and its two-hundred day moving average is $371.12. The firm has a market cap of $77.90 billion, a P/E ratio of 30.73, a PEG ratio of 2.15 and a beta of 0.86.

AON (NYSE:AON) last posted its 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 for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.66 earnings per share. Analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is 25.38%.

Analyst Ratings Changes

AON has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Barclays cut their price target on shares of AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Finally, Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $397.27.

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.