Aon plc $AON Shares Sold by Capital International Inc. CA

Capital International Inc. CA lessened its holdings in shares of Aon plc (NYSE:AON) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,460 shares of the financial services provider’s stock after selling 7,776 shares during the quarter. Capital International Inc. CA’s holdings in AON were worth $31,216,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AON. Westside Investment Management Inc. lifted its holdings in shares of AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after buying an additional 35 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of AON in the third quarter valued at $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON during the fourth quarter valued at $30,000. Strive Asset Management LLC purchased a new stake in shares of AON during the third quarter valued at $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of AON during the third quarter valued at $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company reduced their target price on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Bank of America raised AON from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Finally, Barclays dropped their price target on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.81.

AON Stock Performance

Shares of AON stock opened at $328.85 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The stock’s 50-day moving average is $321.49 and its two-hundred day moving average is $333.17. The firm has a market cap of $70.24 billion, a P/E ratio of 18.05, a PEG ratio of 1.73 and a beta of 0.71.

AON (NYSE:AON) last issued its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the firm posted $5.67 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Analysts predict that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This is a boost from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s dividend payout ratio is currently 16.36%.

AON 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.