Kovitz Investment Group Partners LLC Sells 285,427 Shares of Aon plc (NYSE:AON)

Kovitz Investment Group Partners LLC trimmed its position in shares of Aon plc (NYSE:AON) by 94.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,087 shares of the financial services provider’s stock after selling 285,427 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in AON were worth $5,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in AON by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after purchasing an additional 88,361 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AON by 2.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock worth $824,498,000 after acquiring an additional 64,720 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in AON by 4.2% during the 4th quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider’s stock valued at $762,796,000 after acquiring an additional 86,148 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $336.45 on Friday. The company has a 50 day moving average of $386.53 and a two-hundred day moving average of $375.76. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a twelve month low of $275.07 and a twelve month high of $412.97. The company has a market cap of $72.67 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last posted its quarterly earnings data 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 business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.745 dividend. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 1st. AON’s dividend payout ratio (DPR) is presently 25.38%.

Analyst Ratings Changes

AON has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Redburn Atlantic raised AON to a “hold” rating in a research note on Tuesday, March 25th. Finally, Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $393.87.

About AON

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.