Blair William & Co. IL Decreases Stock Position in Aon plc (NYSE:AON)

Key Points

• Blair William & Co. IL reduced its stock position in Aon plc by 1.7%, selling 9,497 shares and owning around $221 million worth, amounting to 0.26% of the company.
• Other institutional investors such as GAMMA Investing LLC and First Trust Advisors LP significantly increased their stakes in Aon, with GAMMA raising its stake by 56,460.0%.
• Aon recently declared a quarterly dividend of $0.745 per share, indicating a 0.8% yield and a payout ratio of approximately 24.96%.

Blair William & Co. IL cut its holdings in Aon plc (NYSE:AON - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,750 shares of the financial services provider's stock after selling 9,497 shares during the period. Blair William & Co. IL owned about 0.26% of AON worth $221,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in AON by 56,460.0% in the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock valued at $304,052,000 after purchasing an additional 760,516 shares during the last quarter. First Trust Advisors LP raised its stake in AON by 5,877.4% in the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock valued at $192,572,000 after purchasing an additional 527,204 shares during the last quarter. Bank of New York Mellon Corp raised its stake in AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after purchasing an additional 469,238 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in AON by 205.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 493,694 shares of the financial services provider's stock valued at $197,028,000 after purchasing an additional 331,888 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in AON by 23.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,488,054 shares of the financial services provider's stock valued at $534,449,000 after purchasing an additional 286,147 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AON has been the subject of several analyst reports. Evercore ISI boosted 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. Piper Sandler upped their price objective on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note 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 note on Tuesday, May 13th. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price objective for the company from $400.00 to $426.00 in a research note on Wednesday. Finally, Barclays reaffirmed an "overweight" rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $409.21.

AON Stock Down 0.7%

Shares of NYSE:AON opened at $353.09 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.73 and a current ratio of 1.52. Aon plc has a 1 year low of $322.95 and a 1 year high of $412.97. The stock has a market capitalization of $76.14 billion, a P/E ratio of 29.57, a PEG ratio of 2.10 and a beta of 0.83. The stock has a 50-day simple moving average of $358.07 and a 200-day simple moving average of $370.81.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%. AON's quarterly revenue 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. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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

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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