Aon plc $AON Shares Sold by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. reduced its stake in Aon plc by 7.7% in Q2, now holding 10,903 shares valued at approximately $3.89 million.
• Polen Capital Management LLC significantly increased its position in Aon by 318.1% in Q1, now owning over 3 million shares valued at about $1.2 billion.
• Analysts have varying price targets for Aon, with an average target of $420 and a consensus rating of "Moderate Buy" among investment analysts.

Stanley Laman Group Ltd. decreased its position in Aon plc (NYSE:AON - Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,903 shares of the financial services provider's stock after selling 915 shares during the period. Stanley Laman Group Ltd.'s holdings in AON were worth $3,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Polen Capital Management LLC increased its stake 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 valued at $1,200,350,000 after buying an additional 2,288,397 shares during the period. Nuveen LLC acquired a new position in shares of AON during the first quarter valued at approximately $505,108,000. Wellington Management Group LLP bought a new stake in AON during the first quarter worth approximately $490,634,000. Bank of New York Mellon Corp boosted its stake 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 valued at $1,210,864,000 after purchasing an additional 469,238 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of AON by 276.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider's stock valued at $164,456,000 after purchasing an additional 338,373 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on AON. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. JPMorgan Chase & Co. cut their target price on shares of AON from $436.00 to $433.00 and set an "overweight" rating for the company in a research note on Thursday, October 9th. Wells Fargo & Company decreased their price target on shares of AON from $451.00 to $448.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 8th. Piper Sandler upped their price target on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Wolfe Research initiated coverage on AON in a research note on Monday, September 15th. They set a "peer perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, AON has a consensus rating of "Moderate Buy" and an average target price of $420.00.

AON Price Performance

Shares of AON opened at $346.74 on Friday. 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 firm has a market cap of $74.77 billion, a PE ratio of 29.04, a PEG ratio of 2.02 and a beta of 0.89. The firm's 50 day moving average price is $363.26 and its 200 day moving average price is $361.44. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (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 company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company posted $2.93 EPS. The firm's revenue was up 10.5% on a year-over-year basis. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON's payout ratio is currently 24.96%.

About AON

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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