Aon plc $AON Stock Holdings Lowered by Barclays PLC

Barclays PLC lowered its position in shares of Aon plc (NYSE:AON) by 12.6% in the 4th quarter, Holdings Channel reports. The fund owned 588,544 shares of the financial services provider’s stock after selling 85,174 shares during the period. Barclays PLC’s holdings in AON were worth $207,685,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wealth Watch Advisors INC acquired a new stake in AON in the third quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in AON in the fourth quarter worth about $30,000. Strive Asset Management LLC acquired a new stake in AON in the third quarter worth about $35,000. Measured Wealth Private Client Group LLC acquired a new stake in AON in the third quarter worth about $37,000. Finally, Salomon & Ludwin LLC lifted its holdings in AON by 39.3% in the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON opened at $335.51 on Monday. Aon plc has a one year low of $304.59 and a one year high of $381.00. The company has a 50-day moving average of $322.69 and a two-hundred day moving average of $332.60. The stock has a market cap of $71.66 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.76 and a beta of 0.71. 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 (NYSE:AON) last announced its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the company posted $5.67 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Aon plc will post 19.1 earnings per share for the current 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 given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is currently 16.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AON shares. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $398.00 to $397.00 in a report on Friday, February 27th. TD Cowen reissued a “buy” rating on shares of AON in a report on Monday, March 16th. Keefe, Bruyette & Woods cut their price target on shares of AON from $416.00 to $401.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Piper Sandler upped their price target on shares of AON from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Mizuho cut their price target on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.81.

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.