LGT Fund Management Co Ltd. Has $1.39 Million Stock Holdings in Aon plc $AON

LGT Fund Management Co Ltd. trimmed its stake in shares of Aon plc (NYSE:AON) by 45.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,895 shares of the financial services provider’s stock after selling 3,308 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in AON were worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in AON by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after acquiring an additional 258,699 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in AON by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after acquiring an additional 469,238 shares during the last quarter. Polen Capital Management LLC grew its holdings in 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 2.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock worth $954,053,000 after acquiring an additional 61,350 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in AON by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after acquiring an additional 131,676 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

AON opened at $364.06 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The company’s fifty day moving average price is $363.77 and its two-hundred day moving average price is $363.82. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The company has a market cap of $78.50 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company posted $2.93 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. On average, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s dividend payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Saturday, September 27th. Citigroup started coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective on the stock. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and upped their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $415.06.

AON Profile

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.