Aon plc (NYSE:AON) is Ycg LLC's 7th Largest Position

Key Points

• Ycg LLC has reduced its stake in Aon plc by 0.6%, now holding 148,016 shares, which represent 4.6% of its investment portfolio, valued at approximately $59 million.
• Aon announced a quarterly dividend of $0.745 to be paid on August 15th, with a dividend yield of 0.8% and a payout ratio of 24.96%.
• Multiple analysts have upgraded Aon's stock ratings and increased their target prices, with Jefferies Financial Group raising its target from $400 to $426.

YCG LLC reduced its stake in Aon plc (NYSE:AON - Free Report) by 0.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 148,016 shares of the financial services provider's stock after selling 866 shares during the quarter. AON accounts for approximately 4.6% of YCG LLC's portfolio, making the stock its 7th largest holding. YCG LLC owned 0.07% of AON worth $59,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of AON by 1.9% in the first 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 in the last quarter. Brighton Jones LLC lifted its holdings in shares of AON by 0.4% in the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock worth $2,916,000 after buying an additional 29 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of AON by 54.7% in the first 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. Catalyst Financial Partners LLC raised its stake in AON by 2.6% in the first 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 in the last quarter. Finally, Wesbanco Bank Inc. raised its stake in AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

AON Price Performance

NYSE AON traded up $0.84 on Friday, reaching $367.19. 1,181,059 shares of the company's stock traded hands, compared to its average volume of 1,546,041. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock has a market cap of $79.18 billion, a PE ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.83. The stock has a 50-day simple moving average of $357.40 and a 200 day simple moving average of $370.58.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter last year, the business earned $2.93 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of AON in a research note on Wednesday. They issued a "neutral" rating and a $402.00 target price on the stock. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research note on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating and issued a $420.00 target price (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $438.00 target price (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Finally, Evercore ISI raised 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of "Moderate Buy" and an average target price of $410.69.

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.