Aon plc $AON Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa reduced its stake in Aon plc by 37%, resulting in ownership of 14,913 shares valued at approximately $5.32 million as of the latest SEC filing.
• Aon reported $3.49 earnings per share for the last quarter, surpassing estimates and showing a 10.5% increase in year-over-year revenue.
• The company recently announced a quarterly dividend of $0.745, reflecting an annual yield of 0.8% and a payout ratio of 24.96%.

Lbp Am Sa trimmed its position in Aon plc (NYSE:AON - Free Report) by 37.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,913 shares of the financial services provider's stock after selling 8,742 shares during the period. Lbp Am Sa's holdings in AON were worth $5,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the first quarter worth $28,000. Saudi Central Bank acquired a new stake in shares of AON during the first quarter worth $31,000. Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after buying an additional 33 shares during the period. HHM Wealth Advisors LLC lifted its stake in shares of AON by 54.7% during the first 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 during the period. Finally, Tsfg LLC acquired a new stake in shares of AON during the first quarter worth $37,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Up 0.9%

AON opened at $359.87 on Thursday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week 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 company has a fifty day moving average of $363.88 and a two-hundred day moving average of $364.39. The stock has a market capitalization of $77.60 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.11 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data 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 net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the previous year, the company earned $2.93 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on AON shares. Barclays reiterated an "overweight" rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Morgan Stanley upgraded shares of AON from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Piper Sandler raised their target price on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Evercore ISI raised 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. Finally, Wolfe Research initiated coverage on shares of AON in a report on Monday, September 15th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, AON has a consensus rating of "Moderate Buy" and an average price target of $415.06.

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.

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