Altrinsic Global Advisors LLC Has $94.28 Million Stake in Aon plc $AON

Key Points

• Altrinsic Global Advisors LLC holds a $94.28 million stake in Aon plc, representing approximately 4.7% of their portfolio after a slight reduction in their position.
• Aon recently had positive earnings, reporting $3.49 EPS for the last quarter, exceeding analyst estimates and showing a 10.5% year-over-year revenue growth.
• Analysts have a consensus rating of "Moderate Buy" for Aon, with a target price averaging $412.69 following several upgrades from major brokerages.

Altrinsic Global Advisors LLC reduced its position in Aon plc (NYSE:AON - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,234 shares of the financial services provider's stock after selling 1,137 shares during the quarter. AON comprises approximately 4.7% of Altrinsic Global Advisors LLC's portfolio, making the stock its 8th biggest position. Altrinsic Global Advisors LLC owned approximately 0.11% of AON worth $94,279,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AON. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the first quarter worth $28,000. HHM Wealth Advisors LLC increased its position in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. Tsfg LLC purchased a new position in shares of AON in the first quarter valued at $37,000. Accent Capital Management LLC purchased a new position in shares of AON in the first quarter valued at $40,000. Finally, Garde Capital Inc. acquired a new stake in AON in the 1st quarter worth about $42,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AON has been the topic of a number of research analyst reports. Jefferies Financial Group raised 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. Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 target price on the stock. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a report on Tuesday, May 13th. Piper Sandler raised their target price on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Evercore ISI upped their target price on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $412.69.

AON Stock Performance

Shares of NYSE AON traded up $0.62 during trading on Friday, reaching $367.16. The stock had a trading volume of 774,627 shares, compared to its average volume of 1,294,106. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $79.17 billion, a PE ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.83. The firm's 50 day moving average price is $361.09 and its two-hundred day moving average price is $369.90.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $2.93 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

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.