Capital International Ltd. CA Trims Stock Position in Aon plc $AON

Capital International Ltd. CA lessened its holdings in Aon plc (NYSE:AON) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,444 shares of the financial services provider’s stock after selling 8,810 shares during the period. Capital International Ltd. CA’s holdings in AON were worth $11,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of AON by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after purchasing an additional 191,658 shares in the last quarter. State Street Corp lifted its holdings in shares of AON by 1.2% in the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after purchasing an additional 105,154 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AON by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after buying an additional 28,066 shares during the last quarter. Dodge & Cox acquired a new position in shares of AON in the third quarter valued at approximately $1,235,437,000. Finally, Norges Bank acquired a new position in shares of AON in the fourth quarter valued at approximately $1,155,981,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON 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. The company 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. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The firm’s 50 day moving average is $321.49 and its two-hundred day moving average is $333.17.

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 analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.67 earnings per share. Analysts expect that Aon plc will post 19.1 EPS for the current 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 paid a dividend of $0.82 per share. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is 16.36%.

Analyst Ratings Changes

AON has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. TD Cowen reissued a “buy” rating on shares of AON in a research report on Monday, March 16th. JPMorgan Chase & Co. cut their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company cut their price objective on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus price target of $396.81.

AON Company 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.