Gulf International Bank UK Ltd Has $4.44 Million Stock Position in Aon plc (NYSE:AON)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Aon plc by 25.1%, now holding 11,115 shares valued at approximately $4.4 million.
• Several institutional investors notably increased their stakes in AON, with Polen Capital Management raising its ownership by 318.1%, now holding shares worth $1.2 billion.
• AON recently declared a quarterly dividend of $0.745, with a dividend yield of 0.8%, reflecting a payout ratio of about 24.96%.

Gulf International Bank UK Ltd cut its holdings in Aon plc (NYSE:AON - Free Report) by 25.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,115 shares of the financial services provider's stock after selling 3,725 shares during the period. Gulf International Bank UK Ltd's holdings in AON were worth $4,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in AON during the 1st quarter valued at about $28,000. HHM Wealth Advisors LLC raised its position in shares of 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 acquired a new stake in shares of AON in the 1st quarter worth approximately $37,000. Accent Capital Management LLC acquired a new stake in shares of AON in the 1st quarter worth approximately $40,000. Finally, Garde Capital Inc. acquired a new stake in shares of AON in the 1st quarter worth approximately $42,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AON shares. Keefe, Bruyette & Woods reduced their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Evercore ISI increased their target price on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research note on Wednesday. Wells Fargo & Company reissued an "overweight" rating and set a $438.00 target price (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AON presently has an average rating of "Moderate Buy" and a consensus price target of $410.69.

AON Stock Up 0.2%

AON stock traded up $0.84 during trading hours on Friday, hitting $367.19. The company had a trading volume of 1,181,059 shares, compared to its average volume of 1,546,041. The firm has a market capitalization of $79.18 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. 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 firm's fifty day moving average is $357.40 and its 200-day moving average is $370.60. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

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 the consensus estimate of $3.40 by $0.09. The firm had revenue of $4.16 billion for 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%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 EPS. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

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.