Aon plc (NYSE:AON) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management lessened its stake in Aon plc (NYSE:AON) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 767 shares of the financial services provider’s stock after selling 287 shares during the period. Bar Harbor Wealth Management’s holdings in AON were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Portside Wealth Group LLC boosted its stake in AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock valued at $4,412,000 after acquiring an additional 9,302 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock valued at $34,676,000 after acquiring an additional 20,942 shares in the last quarter. Aviva PLC boosted its stake in AON by 19.0% in the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock valued at $91,859,000 after acquiring an additional 40,850 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after buying an additional 390,017 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AON shares. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Evercore ISI reduced their target price on shares of AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Piper Sandler raised shares of AON from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $397.27.

AON Trading Down 0.9%

Shares of AON stock opened at $352.67 on Friday. Aon plc has a 12-month low of $285.35 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $76.16 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The company has a 50-day moving average of $361.74 and a two-hundred day moving average of $372.80.

AON (NYSE:AON) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same period last year, the business posted $5.66 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON’s dividend payout ratio is currently 25.38%.

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.