Lansforsakringar Fondforvaltning AB publ Sells 1,350 Shares of Aon plc $AON

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its stake in Aon plc by 2.1%, now holding 64,476 shares worth approximately $25.7 million.
• Several institutional investors increased their positions in Aon, with AQR Capital Management raising its holdings by 23.1% during the last quarter.
• Aon plc's quarterly earnings showed a profit of $3.49 per share, exceeding expectations, alongside a revenue growth of 10.5% year-over-year.

Lansforsakringar Fondforvaltning AB publ lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,476 shares of the financial services provider's stock after selling 1,350 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in AON were worth $25,732,000 as of its most recent SEC filing.

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

AON Trading Up 0.2%

Shares of NYSE AON traded up $0.62 during midday trading on Monday, reaching $367.16. 774,627 shares of the stock were exchanged, compared to its average volume of 1,250,791. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.87. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The business has a 50-day simple moving average of $361.09 and a two-hundred day simple moving average of $369.75.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the business posted $2.93 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced 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 of this dividend was Friday, August 1st. AON's dividend payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AON. Barclays reiterated an "overweight" rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. Citigroup began 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. Piper Sandler increased their price target on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Evercore ISI lifted their price objective on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $412.69.

AON Company 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.