Grove Bank & Trust cuts Aon shares by 69% in Q4 amid mixed institutional moves.

Grove Bank & Trust significantly reduced its holdings in Aon plc by 69% in the fourth quarter, selling 3,016 shares and retaining 1,358 shares worth $479,000. Meanwhile, other major institutional investors like State Street Corp, Bank of New York Mellon, and Neuberger Berman increased their stakes, reflecting mixed sentiment. Aon reported solid earnings beating EPS estimates but slightly missed revenue expectations, maintaining a moderate dividend yield of 0.9%. The stock holds a moderate buy rating with an average target price around $409, indicating cautious optimism among analysts.