Aon plc $AON is LFL Advisers LLC's 3rd Largest Position

Key Points

• LFL Advisers LLC has reduced its stake in Aon plc by 2.6%, now holding 85,047 shares, which represents 14.8% of its total portfolio and makes Aon the firm's 3rd largest position.
• Aon recently reported quarterly earnings of $3.49 EPS, exceeding estimates and showing a year-over-year revenue increase of 10.5%.
• The company has declared a quarterly dividend of $0.745 per share, translating to an annual yield of 0.8% with a payout ratio of 24.96%.

LFL Advisers LLC reduced its stake in Aon plc (NYSE:AON - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,047 shares of the financial services provider's stock after selling 2,249 shares during the period. AON makes up 14.8% of LFL Advisers LLC's portfolio, making the stock its 3rd largest holding. LFL Advisers LLC's holdings in AON were worth $33,941,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its holdings in AON by 1.9% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 27 shares during the last quarter. Brighton Jones LLC grew its holdings in AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after purchasing an additional 29 shares during the last quarter. HHM Wealth Advisors LLC grew 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 valued at $33,000 after purchasing an additional 29 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 30 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its position in AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after buying an additional 31 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 0.2%

Shares of AON traded up $0.9310 during mid-day trading on Wednesday, hitting $373.7910. The company's stock had a trading volume of 766,743 shares, compared to its average volume of 1,331,655. The company's 50-day moving average is $358.06 and its 200-day moving average is $370.58. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market capitalization of $80.60 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.17 and a beta of 0.83. 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 announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The company's revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.745 per share. 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 dividend payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Morgan Stanley reissued a "cautious" rating on shares of AON in a research report on Monday. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $409.18.

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.