MML Investors Services LLC Has $4.47 Million Holdings in Aon plc (NYSE:AON)

MML Investors Services LLC cut its holdings in shares of Aon plc (NYSE:AON - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,451 shares of the financial services provider's stock after selling 842 shares during the period. MML Investors Services LLC's holdings in AON were worth $4,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. bought a new stake in AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its stake in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after buying an additional 81 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of AON in the 4th quarter valued at about $32,000. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in AON during the fourth quarter valued at approximately $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON stock traded up $6.39 during midday trading on Tuesday, reaching $349.86. The company had a trading volume of 2,571,327 shares, compared to its average volume of 1,253,067. The stock has a 50 day moving average price of $385.51 and a 200-day moving average price of $375.83. The company has a market capitalization of $75.57 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. 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 1-year low of $275.07 and a 1-year high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its 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 net margin of 16.91% and a return on equity of 70.84%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the business posted $5.66 EPS. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. Equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AON. Redburn Partners set a $445.00 target price on shares of AON in a research note on Tuesday, March 25th. Evercore ISI lowered their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Barclays dropped their price target on AON from $440.00 to $430.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $392.00.

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.