Capital International Investors Has $443.39 Million Stake in Aon plc $AON

Capital International Investors trimmed its holdings in shares of Aon plc (NYSE:AON) by 28.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,255,765 shares of the financial services provider’s stock after selling 500,692 shares during the quarter. Capital International Investors’ holdings in AON were worth $443,388,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Wealth Watch Advisors INC bought a new position in shares of AON in the third quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in AON during the fourth quarter worth about $30,000. Strive Asset Management LLC acquired a new stake in AON during the third quarter worth about $35,000. Measured Wealth Private Client Group LLC bought a new position in AON during the third quarter worth about $37,000. Finally, Salomon & Ludwin LLC lifted its stake in AON by 39.3% during 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. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Up 0.1%

AON opened at $328.85 on Monday. The stock has a market capitalization 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 12 month low of $304.59 and a 12 month high of $381.00. The firm’s fifty day simple moving average is $321.49 and its 200 day simple moving average is $333.05. 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 posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating 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 business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the previous year, the firm posted $5.67 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

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

Wall Street Analyst Weigh In

AON has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. TD Cowen restated a “buy” rating on shares of AON in a research report on Monday, March 16th. Morgan Stanley dropped 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. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Finally, Piper Sandler lifted their target price on shares of AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.