Nisa Investment Advisors LLC cut its position in shares of Aon plc (NYSE:AON - Free Report) by 58.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,519 shares of the financial services provider's stock after selling 79,164 shares during the period. Nisa Investment Advisors LLC's holdings in AON were worth $22,559,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Portside Wealth Group LLC raised its stake in shares of AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after acquiring an additional 9,302 shares during the period. Aviva PLC raised its stake in shares of AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after acquiring an additional 40,850 shares during the period. WCM Investment Management LLC raised its stake in shares of AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after acquiring an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AON by 5.6% in 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 acquiring an additional 1,489 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in shares of AON by 425.3% in 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. 86.14% of the stock is owned by hedge funds and other institutional investors.
AON Stock Down 0.9%
NYSE AON traded down $3.15 on Friday, hitting $355.85. 857,263 shares of the stock were exchanged, compared to its average volume of 1,166,101. 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 $295.79 and a fifty-two week high of $412.97. The company has a market cap of $76.84 billion, a PE ratio of 30.31, a PEG ratio of 2.14 and a beta of 0.84. The company has a 50-day moving average price of $358.19 and a 200-day moving average price of $370.60.
AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the company posted $5.66 EPS. The company's quarterly revenue was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.
AON Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON's payout ratio is 25.38%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic raised shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Wells Fargo & Company upped their target price on shares of AON from $436.00 to $438.00 and gave the stock an "overweight" rating in a research note on Thursday. Jefferies Financial Group upped their target price on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Barclays cut their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $403.00.
Get Our Latest Report on AON
AON Company Profile
(
Free Report)
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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