Capital World Investors Reduces Stock Position in Aon plc $AON

Capital World Investors decreased its holdings in Aon plc (NYSE:AON) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,076,697 shares of the financial services provider’s stock after selling 67,540 shares during the period. Capital World Investors owned 5.62% of AON worth $4,306,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Atlantic Union Bankshares Corp purchased a new position in AON during the second quarter worth $31,000. Savant Capital LLC boosted its stake in shares of AON by 0.9% during the 2nd quarter. Savant Capital LLC now owns 11,580 shares of the financial services provider’s stock worth $4,131,000 after purchasing an additional 102 shares during the period. Fox Run Management L.L.C. bought a new position in AON during the 2nd quarter valued at about $379,000. AE Wealth Management LLC lifted its stake in AON by 24.1% in the second quarter. AE Wealth Management LLC now owns 721 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 140 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of AON by 21.1% during the second quarter. AGF Management Ltd. now owns 8,322 shares of the financial services provider’s stock valued at $2,969,000 after acquiring an additional 1,452 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several research analyst reports. Mizuho raised AON from a “neutral” rating to an “outperform” rating and set a $397.00 price objective on the stock in a research note on Friday, February 27th. UBS Group reiterated a “neutral” rating and set a $385.00 price objective on shares of AON in a research note on Monday, February 2nd. 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 research note on Friday, February 27th. Barclays upped their target price on AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price target on AON from $410.00 to $416.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $408.94.

Insiders Place Their Bets

In other news, Director Lester B. Knight purchased 4,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $319.24 per share, with a total value of $1,276,960.00. Following the transaction, the director owned 143,000 shares in the company, valued at $45,651,320. The trade was a 2.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the sale, the general counsel owned 20,254 shares in the company, valued at approximately $6,598,550.66. The trade was a 19.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $333.08 on Tuesday. Aon plc has a 12-month low of $304.59 and a 12-month high of $407.07. The business’s fifty day simple moving average is $337.13 and its 200-day simple moving average is $347.72. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55. The company has a market cap of $71.37 billion, a PE ratio of 19.57, a PEG ratio of 1.79 and a beta of 0.82.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the firm earned $4.42 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. AON’s dividend payout ratio is presently 17.51%.

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.