Aon plc $AON Shares Sold by Fiducient Advisors LLC

Fiducient Advisors LLC reduced its position in shares of Aon plc (NYSE:AON) by 21.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 265,167 shares of the financial services provider’s stock after selling 73,033 shares during the quarter. AON comprises about 11.0% of Fiducient Advisors LLC’s portfolio, making the stock its biggest position. Fiducient Advisors LLC owned approximately 0.12% of AON worth $94,553,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AON. Vanguard Group Inc. raised its position in shares of AON by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after purchasing an additional 511,292 shares during the period. Geode Capital Management LLC increased its stake in AON by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock valued at $1,987,961,000 after purchasing an additional 173,722 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AON by 15.6% during the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AON by 13.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after buying an additional 316,333 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of AON by 1.9% during the second quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock valued at $776,326,000 after buying an additional 40,213 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AON. JPMorgan Chase & Co. lowered their target price on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. TD Cowen decreased their price objective on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Roth Mkm restated a “buy” rating and issued a $390.00 target price on shares of AON in a report on Tuesday, November 4th. UBS Group cut their target price on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Evercore ISI reissued an “outperform” rating and issued a $436.00 price target on shares of AON in a research report on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $408.47.

AON Stock Down 2.0%

Shares of NYSE:AON opened at $332.59 on Thursday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a market capitalization of $71.48 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. The business has a fifty day moving average price of $349.19 and a two-hundred day moving average price of $354.58. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35.

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

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. AON’s dividend payout ratio is currently 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.