Aon plc $AON Shares Sold by LTS One Management LP

Key Points

• LTS One Management LP reduced its position in Aon plc by 31.3%, selling 23,500 shares, leaving them with 51,500 shares valued at approximately $20.55 million.
• Analysts have set a consensus price target of $412.69 for Aon, with ratings ranging from Strong Buy to Sell.
• Aon recently declared a quarterly dividend of $0.745 per share, translating to an annualized yield of 0.8%.

LTS One Management LP decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,500 shares of the financial services provider's stock after selling 23,500 shares during the quarter. AON accounts for approximately 6.1% of LTS One Management LP's portfolio, making the stock its 8th largest holding. LTS One Management LP's holdings in AON were worth $20,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Portside Wealth Group LLC lifted its position in shares of AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after buying an additional 9,302 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after buying an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock valued at $11,183,000 after buying an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after buying an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. lifted its position in shares of AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock valued at $2,986,000 after buying an additional 2,932 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AON. Barclays reiterated an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and lifted their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price target on the stock. One equities research 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 given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $412.69.

AON Trading Up 0.2%

AON traded up $0.62 on Monday, hitting $367.16. The company had a trading volume of 774,627 shares, compared to its average volume of 1,250,791. The firm has a market cap of $79.17 billion, a P/E ratio of 30.75, a PEG ratio of 2.17 and a beta of 0.87. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company's fifty day moving average price is $361.09 and its 200 day moving average price is $369.75. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Announces Dividend

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