Vontobel Holding Ltd. Sells 129,193 Shares of Aon plc $AON

Vontobel Holding Ltd. lessened its holdings in shares of Aon plc (NYSE:AON) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760,139 shares of the financial services provider’s stock after selling 129,193 shares during the period. Vontobel Holding Ltd. owned approximately 0.35% of AON worth $268,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lord Abbett & CO. LLC raised its position in AON by 9.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 272,046 shares of the financial services provider’s stock valued at $96,000,000 after buying an additional 22,878 shares during the last quarter. Wealthspire Advisors LLC raised its position in AON by 18.5% in the 4th quarter. Wealthspire Advisors LLC now owns 273,596 shares of the financial services provider’s stock valued at $96,547,000 after buying an additional 42,739 shares during the last quarter. Macquarie Group Ltd. raised its position in AON by 7.2% in the 4th quarter. Macquarie Group Ltd. now owns 28,298 shares of the financial services provider’s stock valued at $9,986,000 after buying an additional 1,889 shares during the last quarter. Laurel Oak Wealth Management LLC acquired a new stake in AON in the 4th quarter valued at approximately $260,000. Finally, FineMark National Bank & Trust raised its position in AON by 7.3% in the 4th quarter. FineMark National Bank & Trust now owns 1,155 shares of the financial services provider’s stock valued at $408,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.1%

NYSE:AON opened at $335.51 on Friday. The firm has a market capitalization of $71.66 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The stock’s 50 day moving average price is $322.69 and its two-hundred day moving average price is $332.68. 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 posted its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.67 EPS. Equities research analysts expect that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business 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 positive change 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 dividend yield of 1.0%. AON’s payout ratio is presently 16.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AON. Piper Sandler lifted their target price on AON from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Mizuho dropped their target price on AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley dropped their target price on AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Bank of America raised AON from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of AON in a research report on Monday, March 16th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, AON has a consensus 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.