Federated Hermes Inc. Sells 1,788 Shares of Aon plc (NYSE:AON)

Federated Hermes Inc. trimmed its position in Aon plc (NYSE:AON - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,719 shares of the financial services provider's stock after selling 1,788 shares during the period. Federated Hermes Inc.'s holdings in AON were worth $6,723,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AON. Endeavor Private Wealth Inc. bought a new position in shares of AON during the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its stake in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC purchased a new position in shares of AON in the fourth quarter worth about $32,000. Anchor Investment Management LLC grew its stake in AON by 1,162.5% in the 3rd 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 in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON during the fourth quarter worth $39,000. Institutional investors own 86.14% of the company's stock.

AON Trading Down 1.4 %

Shares of AON stock traded down $5.30 during trading hours on Tuesday, reaching $379.04. The company's stock had a trading volume of 845,424 shares, compared to its average volume of 1,221,388. 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 firm's fifty day simple moving average is $390.61 and its 200 day simple moving average is $375.00. The stock has a market capitalization of $81.87 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.12 and a beta of 0.82. Aon plc has a one year low of $268.06 and a one year high of $412.97.

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AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $3.89 EPS. Equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.79%. This is a positive change 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 (DPR) is presently 21.33%.

Analyst Ratings Changes

AON has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Redburn Partners set a $445.00 target price on AON in a research note on Tuesday, March 25th. Finally, Redburn Atlantic raised AON to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $393.87.

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.