Aon plc (NYSE:AON) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its position in Aon plc (NYSE:AON - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,422 shares of the financial services provider's stock after selling 2,342 shares during the period. Ninety One UK Ltd's holdings in AON were worth $23,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Relyea Zuckerberg Hanson LLC grew its stake 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 worth $570,000 after buying an additional 27 shares during the last quarter. Value Partners Investments Inc. grew its position in shares of AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after acquiring an additional 28 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after acquiring an additional 29 shares during the period. Wesbanco Bank Inc. raised its stake in AON by 0.3% during the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after acquiring an additional 31 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of AON by 2.0% in the 1st quarter. Conning Inc. now owns 1,648 shares of the financial services provider's stock valued at $658,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a report on Tuesday, May 13th. Barclays decreased their price objective on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group boosted their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $396.33.

AON Trading Up 0.4%

Shares of AON stock opened at $354.68 on Wednesday. The stock has a 50-day simple moving average of $358.02 and a 200 day simple moving average of $370.74. The stock has a market capitalization of $76.59 billion, a P/E ratio of 30.21, a P/E/G ratio of 2.11 and a beta of 0.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a fifty-two week low of $292.45 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the business earned $5.66 EPS. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. This is a positive change from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio is 25.38%.

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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