EP Wealth Advisors LLC Cuts Position in Aon plc (NYSE:AON)

EP Wealth Advisors LLC lowered its position in Aon plc (NYSE:AON) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,025 shares of the financial services provider’s stock after selling 313 shares during the quarter. EP Wealth Advisors LLC’s holdings in AON were worth $1,446,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Value Partners Investments Inc. increased its stake in AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 28 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after buying an additional 31 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 33 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its stake in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 33 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on AON shares. Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their price objective on AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Wells Fargo & Company raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $390.67.

AON Stock Down 0.8 %

AON opened at $354.10 on Friday. The business has a 50 day simple moving average of $377.50 and a 200-day simple moving average of $375.42. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97. The stock has a market capitalization of $76.46 billion, a P/E ratio of 27.97, a P/E/G ratio of 2.12 and a beta of 0.89. 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) last posted its quarterly 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 return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the company earned $5.66 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase 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 25.38%.

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.