Capital International Sarl Has $23.52 Million Stock Holdings in Aon plc $AON

Capital International Sarl lessened its stake in shares of Aon plc (NYSE:AON) by 21.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,641 shares of the financial services provider’s stock after selling 18,123 shares during the quarter. Capital International Sarl’s holdings in AON were worth $23,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AON. Westside Investment Management Inc. lifted its stake in shares of AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after buying an additional 35 shares during the last quarter. Wealth Watch Advisors INC acquired a new stake in shares of AON during the 3rd quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of AON during the 4th quarter worth about $30,000. Strive Asset Management LLC acquired a new stake in shares of AON during the 3rd quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of AON during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Mizuho dropped their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company dropped their price objective on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. TD Cowen reiterated a “buy” rating on shares of AON in a research note on Monday, March 16th. Citigroup lifted their price objective on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, 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 note on Thursday, May 21st. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average target price of $396.81.

AON Price Performance

AON stock opened at $328.85 on Friday. 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 plc has a 12 month low of $304.59 and a 12 month high of $381.00. The firm has a market cap 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. The company’s 50-day moving average price is $321.49 and its two-hundred day moving average price is $333.17.

AON (NYSE:AON) last released its earnings results 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 firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the firm earned $5.67 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 annualized dividend and a yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s payout ratio is 16.36%.

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.