Capital International Sarl Sells 18,123 Shares of Aon plc $AON

Capital International Sarl lessened its position in Aon plc (NYSE:AON) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,641 shares of the financial services provider’s stock after selling 18,123 shares during the period. Capital International Sarl’s holdings in AON were worth $23,516,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Havemeyer Place LP bought a new stake in AON in the fourth quarter valued at approximately $127,000. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in AON in the fourth quarter valued at approximately $3,421,000. J.W. Cole Advisors Inc. increased its stake in AON by 1.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,863 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 35 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its position in shares of AON by 1.7% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 24,291 shares of the financial services provider’s stock worth $8,572,000 after acquiring an additional 395 shares in the last quarter. Finally, Vise Technologies Inc. increased its position in shares of AON by 47.5% during the fourth quarter. Vise Technologies Inc. now owns 3,334 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 1,073 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $328.85 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $321.49 and its two-hundred day moving average price is $333.17. The firm has a market capitalization of $70.24 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.73 and a beta of 0.71. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00.

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

AON Increases Dividend

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

Analysts Set New Price Targets

AON has been the subject of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $398.00 to $397.00 in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Mizuho lowered their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, Morgan Stanley lowered their price objective on shares of AON from $380.00 to $370.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $396.81.

About AON

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.