Aon plc $AON Stock Holdings Cut by Capital International Investors

Capital International Investors reduced its position in shares of Aon plc (NYSE:AON) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,255,765 shares of the financial services provider’s stock after selling 500,692 shares during the quarter. Capital International Investors owned about 0.58% of AON worth $443,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Havemeyer Place LP bought a new position in AON during the 4th quarter valued at $127,000. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of AON during the 4th quarter worth $3,421,000. J.W. Cole Advisors Inc. boosted its stake in shares of AON by 1.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,863 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 35 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its stake in shares of AON by 1.7% during the 4th 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. boosted its stake in shares of AON by 47.5% during the 4th 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. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON opened at $328.85 on Monday. The stock has a fifty day moving average of $321.49 and a 200-day moving average of $333.05. The firm has a market capitalization of $70.24 billion, a P/E ratio of 18.05, a PEG 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. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion during 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 company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.67 earnings per share. Equities analysts forecast that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The company 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 a positive change from AON’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio is 16.36%.

Analyst Ratings Changes

AON has been the subject of several research reports. Wells Fargo & Company reduced their price objective on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Mizuho reduced their price objective on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price objective on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Piper Sandler raised their price objective on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Bank of America raised 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 research note on Friday, February 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average target price of $396.81.

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.