Aon plc $AON Stock Position Lowered by Canoe Financial LP

Canoe Financial LP lowered its position in shares of Aon plc (NYSE:AON) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,229 shares of the financial services provider’s stock after selling 7,600 shares during the quarter. Canoe Financial LP’s holdings in AON were worth $28,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Value Partners Investments Inc. boosted its position in shares of AON by 19.3% during the 3rd quarter. Value Partners Investments Inc. now owns 3,353 shares of the financial services provider’s stock valued at $1,195,000 after purchasing an additional 542 shares in the last quarter. Swedbank AB boosted its holdings in AON by 41.8% during the third quarter. Swedbank AB now owns 82,916 shares of the financial services provider’s stock worth $29,566,000 after buying an additional 24,429 shares in the last quarter. Vontobel Holding Ltd. grew its position in AON by 92.9% in the third quarter. Vontobel Holding Ltd. now owns 889,332 shares of the financial services provider’s stock worth $317,118,000 after buying an additional 428,361 shares during the last quarter. Silver Lake Advisory LLC bought a new position in shares of AON in the third quarter valued at $1,292,000. Finally, True North Advisors LLC lifted its position in shares of AON by 6.1% during the 3rd quarter. True North Advisors LLC now owns 1,073 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 62 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of a number of recent research reports. Mizuho initiated coverage on AON in a report on Monday, December 15th. They issued a “neutral” rating and a $389.00 target price on the stock. Morgan Stanley set a $400.00 price target on AON in a research note on Tuesday, December 16th. Wells Fargo & Company reduced their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating and issued a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods cut their price target on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.18.

AON Trading Up 0.2%

Shares of NYSE AON opened at $356.65 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. Aon plc has a one year low of $323.73 and a one year high of $412.97. The business has a 50-day moving average price of $346.29 and a two-hundred day moving average price of $355.31. The firm has a market capitalization of $76.65 billion, a PE ratio of 28.58, a PEG ratio of 2.04 and a beta of 0.84.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the firm earned $2.72 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is 23.88%.

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.