Aon plc $AON Shares Sold by Profund Advisors LLC

Profund Advisors LLC lessened its position in shares of Aon plc (NYSE:AON) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,736 shares of the financial services provider’s stock after selling 287 shares during the period. Profund Advisors LLC’s holdings in AON were worth $976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AON. Vanguard Group Inc. grew its stake in shares of AON by 1.3% during the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after purchasing an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares during the last quarter. Polen Capital Management LLC boosted its position in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after acquiring an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AON by 13.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after acquiring an additional 316,333 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in AON by 6.1% during the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after purchasing an additional 131,676 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Keefe, Bruyette & Woods reduced their target price on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Finally, Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and raised their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $419.13.

AON Price Performance

Shares of NYSE:AON opened at $349.63 on Wednesday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The stock has a market capitalization of $75.15 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.92 and a beta of 0.86. The company has a 50-day simple moving average of $353.19 and a 200-day simple moving average of $357.62. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the firm posted $2.72 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio (DPR) is 23.88%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.