Aon plc $AON Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC decreased its position in shares of Aon plc (NYSE:AON) by 35.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,376 shares of the financial services provider’s stock after selling 2,389 shares during the quarter. Icon Wealth Advisors LLC’s holdings in AON were worth $1,545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of AON by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after purchasing an additional 191,658 shares during the period. Capital World Investors grew its stake in shares of AON by 1.5% during the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after purchasing an additional 176,207 shares during the period. State Street Corp grew its stake in shares of AON by 1.2% during the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after purchasing an additional 105,154 shares during the period. Dodge & Cox grew its stake in AON by 126.6% in the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after acquiring an additional 4,387,773 shares during the period. Finally, Geode Capital Management LLC grew its stake in AON by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after acquiring an additional 28,066 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.1%

Shares of AON stock opened at $335.51 on Friday. The stock’s fifty day moving average is $322.69 and its two-hundred day moving average is $332.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $71.66 billion, a P/E ratio of 18.41, a PEG ratio of 1.76 and a beta of 0.71. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.67 EPS. Research analysts expect that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s payout ratio is 16.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AON shares. Keefe, Bruyette & Woods dropped their price target on shares of AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Mizuho dropped their price target on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Piper Sandler lifted their price target on shares of AON from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company dropped their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, AON currently has an average rating of “Moderate Buy” and a consensus target price of $396.81.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.