Aon plc $AON Shares Sold by Cantillon Capital Management LLC

Cantillon Capital Management LLC reduced its stake in shares of Aon plc (NYSE:AON) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,233,741 shares of the financial services provider’s stock after selling 13,613 shares during the period. AON makes up approximately 2.4% of Cantillon Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Cantillon Capital Management LLC owned 0.57% of AON worth $439,927,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Heartwood Wealth Advisors LLC purchased a new position in AON during the third quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new stake in shares of AON during the 3rd quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of AON during the 2nd quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in AON during the second quarter worth $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in AON during the second quarter valued at $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.9%

Shares of AON stock opened at $335.86 on Friday. The stock’s fifty day moving average is $348.90 and its two-hundred day moving average is $354.45. The firm has a market capitalization of $72.19 billion, a P/E ratio of 26.91, a PEG ratio of 1.69 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the company earned $2.72 EPS. AON’s revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.745 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AON shares. Mizuho set a $387.00 target price on shares of AON in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods increased their price target on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. TD Cowen dropped their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Barclays upped their target price on AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company cut their price target on shares of AON from $449.00 to $448.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $408.47.

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.