SageView Advisory Group LLC Reduces Position in Aon plc (NYSE:AON)

SageView Advisory Group LLC lowered its stake in shares of Aon plc (NYSE:AON) by 62.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,305 shares of the financial services provider’s stock after selling 3,859 shares during the period. SageView Advisory Group LLC’s holdings in AON were worth $828,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in AON by 392.2% in the third quarter. Wellington Management Group LLP now owns 6,039 shares of the financial services provider’s stock valued at $2,089,000 after acquiring an additional 4,812 shares during the period. Virtu Financial LLC bought a new stake in AON during the third quarter valued at approximately $1,685,000. Anchor Investment Management LLC increased its holdings in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in AON by 11.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider’s stock worth $3,492,000 after acquiring an additional 1,012 shares during the period. Finally, World Investment Advisors LLC bought a new stake in shares of AON during the 3rd quarter valued at $275,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $384.15 on Tuesday. The firm has a market cap of $82.98 billion, a PE ratio of 30.34, a PEG ratio of 2.12 and a beta of 0.82. The stock has a 50 day moving average of $390.61 and a 200 day moving average of $375.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm earned $3.89 earnings per share. On average, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.78%. This is a boost from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, May 1st. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

AON has been the topic of several analyst reports. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $393.87.

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.