ProVise Management Group LLC Trims Stake in Aon plc (NYSE:AON)

ProVise Management Group LLC reduced its position in Aon plc (NYSE:AON) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,869 shares of the financial services provider’s stock after selling 238 shares during the period. ProVise Management Group LLC’s holdings in AON were worth $1,749,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AON. Empowered Funds LLC increased its position in AON by 16.9% in the 3rd quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider’s stock valued at $1,334,000 after acquiring an additional 558 shares during the period. Meeder Advisory Services Inc. increased its position in AON by 8.5% in the 3rd quarter. Meeder Advisory Services Inc. now owns 3,959 shares of the financial services provider’s stock valued at $1,370,000 after acquiring an additional 309 shares during the period. Pathstone Holdings LLC increased its position in AON by 3.2% in the 3rd quarter. Pathstone Holdings LLC now owns 44,663 shares of the financial services provider’s stock valued at $15,453,000 after acquiring an additional 1,381 shares during the period. Caprock Group LLC increased its position in AON by 8.7% in the 3rd quarter. Caprock Group LLC now owns 3,930 shares of the financial services provider’s stock valued at $1,360,000 after acquiring an additional 316 shares during the period. Finally, Cantillon Capital Management LLC increased its position in AON by 15.6% in the 3rd quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after acquiring an additional 177,956 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

AON stock opened at $389.79 on Wednesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. 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 stock’s 50 day moving average price is $383.03 and its 200 day moving average price is $369.79. The firm has a market cap of $84.19 billion, a P/E ratio of 30.79, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 period last year, the company posted $3.89 EPS. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

AON Company 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.