USS Investment Management Ltd Has $255.46 Million Stake in Aon plc $AON

Key Points

• USS Investment Management Ltd has reduced its stake in Aon plc by 0.6%, owning 640,299 shares, which represents approximately 1.9% of its holdings.
• Aon recently announced a quarterly dividend of $0.745 per share, translating to an annualized yield of 0.8%.
• Analysts generally rate Aon shares as a "Moderate Buy," with an average price target of $412.69.

USS Investment Management Ltd lessened its stake in shares of Aon plc (NYSE:AON - Free Report) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 640,299 shares of the financial services provider's stock after selling 3,600 shares during the quarter. AON comprises about 1.9% of USS Investment Management Ltd's investment portfolio, making the stock its 7th biggest holding. USS Investment Management Ltd owned 0.30% of AON worth $255,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Portside Wealth Group LLC boosted its holdings in shares of AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of AON by 0.3% in the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after buying an additional 6,038 shares during 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 grew its stake 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 acquiring an additional 1,544 shares during the period. Finally, Ninety One North America Inc. increased its holdings in AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after acquiring an additional 2,932 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON stock traded down $4.24 on Wednesday, reaching $362.14. The company's stock had a trading volume of 798,913 shares, compared to its average volume of 1,308,280. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock's fifty day simple moving average is $363.00 and its 200-day simple moving average is $368.92. The company has a market capitalization of $78.09 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.87. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON - Get Free Report) last posted 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. The company had revenue of $4.16 billion during 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 quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 earnings per share. Analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Morgan Stanley reiterated a "cautious" rating on shares of AON in a research note on Monday, August 18th. Piper Sandler boosted their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research report on Tuesday, May 13th. Finally, Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They issued 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 issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, AON currently has an average rating of "Moderate Buy" and a consensus target price of $412.69.

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.