Silvercrest Asset Management Group LLC Sells 2,488 Shares of Aon plc (NYSE:AON)

Silvercrest Asset Management Group LLC lessened its stake in shares of Aon plc (NYSE:AON) by 8.6% during the 4th quarter, Holdings Channel reports. The fund owned 26,410 shares of the financial services provider’s stock after selling 2,488 shares during the period. Silvercrest Asset Management Group LLC’s holdings in AON were worth $9,485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AON. Value Partners Investments Inc. raised its stake in AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 28 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of AON by 1.3% during 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 acquiring an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in AON by 5.2% in 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 buying an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in AON by 3.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AON shares. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $384.00 to $378.00 in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Barclays lowered their target price on AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $391.75.

AON Stock Up 1.0%

AON stock opened at $362.10 on Friday. The firm has a market cap of $78.19 billion, a PE ratio of 28.60, a PEG ratio of 2.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50 day moving average price is $372.99 and its 200-day moving average price is $375.11. Aon plc has a one year low of $275.07 and a one year high of $412.97.

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

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.745 dividend. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.82%. AON’s payout ratio 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.