YHB Investment Advisors Inc. Sells 1,161 Shares of Aon plc (NYSE:AON)

YHB Investment Advisors Inc. cut its stake in shares of Aon plc (NYSE:AON) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,805 shares of the financial services provider’s stock after selling 1,161 shares during the quarter. AON makes up about 0.8% of YHB Investment Advisors Inc.’s portfolio, making the stock its 29th largest position. YHB Investment Advisors Inc.’s holdings in AON were worth $9,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Vanguard Group Inc. raised its holdings in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock worth $7,010,714,000 after buying an additional 88,361 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $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 AON by 15.5% during 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AON by 2.9% during the fourth 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 buying an additional 64,720 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in AON by 9.3% during the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider’s stock worth $775,406,000 after buying an additional 183,442 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

NYSE AON opened at $360.17 on Tuesday. Aon plc has a 52-week low of $285.35 and a 52-week high of $412.97. The company has a 50-day simple moving average of $359.37 and a 200 day simple moving average of $371.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $77.77 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86.

AON (NYSE:AON) last issued its earnings results 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). The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. AON’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.66 EPS. On average, research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is currently 25.38%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AON. Evercore ISI lowered their price objective on shares of AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Piper Sandler upgraded shares of AON from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. JPMorgan Chase & Co. increased their target price on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $397.27.

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.