SageView Advisory Group LLC Sells 3,859 Shares of Aon plc (NYSE:AON)

SageView Advisory Group LLC cut its holdings in shares of Aon plc (NYSE:AON - Free Report) by 62.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the financial services provider's stock after selling 3,859 shares during the quarter. SageView Advisory Group LLC's holdings in AON were worth $828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter worth about $29,000. Richardson Financial Services Inc. boosted its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC acquired a new position in AON during the 4th quarter worth $32,000. Anchor Investment Management LLC increased its stake 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 worth $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in shares of AON during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AON. Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada upped their price target on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Jefferies Financial Group increased their target price on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Redburn Atlantic upgraded 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $393.87.

AON Stock Performance

NYSE AON traded down $5.74 on Friday, hitting $367.08. 1,562,803 shares of the stock were exchanged, compared to its average volume of 1,226,689. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a market capitalization of $79.29 billion, a PE ratio of 29.00, a P/E/G ratio of 2.12 and a beta of 0.82. The business's fifty day moving average is $389.51 and its 200 day moving average is $375.29. 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 (NYSE:AON - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the firm posted $3.89 EPS. Research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 23.54%.

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.