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

Capital International Ltd. CA cut its holdings in Aon plc (NYSE:AON) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,444 shares of the financial services provider’s stock after selling 8,810 shares during the quarter. Capital International Ltd. CA’s holdings in AON were worth $11,802,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AON. Dodge & Cox acquired a new position in shares of AON during the third quarter worth about $1,235,437,000. Norges Bank acquired a new position in shares of AON during the fourth quarter worth about $1,155,981,000. Viking Global Investors LP acquired a new position in shares of AON during the third quarter worth about $504,424,000. Balyasny Asset Management L.P. increased its stake in shares of AON by 40,219.8% during the third quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after acquiring an additional 844,615 shares during the period. Finally, Independent Franchise Partners LLP increased its stake in shares of AON by 41.6% during the third quarter. Independent Franchise Partners LLP now owns 2,096,486 shares of the financial services provider’s stock worth $747,565,000 after acquiring an additional 615,570 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Barclays dropped their price target on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. TD Cowen reiterated a “buy” rating on shares of AON in a research note on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Finally, Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.

AON Stock Up 2.1%

AON stock opened at $328.85 on Friday. The company has a market cap of $70.24 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.73 and a beta of 0.71. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00. The company’s 50-day moving average price is $321.49 and its 200 day moving average price is $333.17. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.67 earnings per share. On average, research analysts expect that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.82 per share. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is presently 16.36%.

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.