Diversified Trust Co Sells 3,671 Shares of Aon plc $AON

Diversified Trust Co decreased its position in shares of Aon plc (NYSE:AON) by 27.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,515 shares of the financial services provider’s stock after selling 3,671 shares during the period. Diversified Trust Co’s holdings in AON were worth $3,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. Wealth Watch Advisors INC bought a new position in shares of AON in the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in AON during the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in AON in the 4th quarter valued at approximately $29,000. Eagle Bay Advisors LLC bought a new position in AON in the 4th quarter worth approximately $30,000. Finally, Strive Asset Management LLC acquired a new position in shares of AON during the third quarter worth approximately $35,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 0.2%

AON opened at $318.50 on Monday. The company has a market capitalization of $68.03 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.67 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The firm’s fifty day moving average price is $322.70 and its two-hundred day moving average price is $331.63. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period last year, the firm earned $5.67 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 19.09 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This is a positive change from AON’s previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio is 18.00%.

Analysts Set New Price Targets

AON has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective 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. Morgan Stanley reduced their price target on shares of AON from $380.00 to $370.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Piper Sandler cut their price objective on shares of AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. decreased their target price on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $394.94.

AON Company Profile

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.