Aon plc $AON Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. reduced its stock position in Aon plc by 6.5%, holding 57,555 shares valued at $20.5 million, making Aon its 16th largest investment.
• Other institutional investors have increased their stakes in Aon, with Portside Wealth Group LLC boosting its shares by 530.6% in the first quarter.
• Aon recently reported an EPS of $3.49 for the last quarter, surpassing estimates, along with a 10.5% year-over-year revenue increase, highlighting strong financial performance.

Financiere des Professionnels Fonds d investissement inc. trimmed its stake in Aon plc (NYSE:AON - Free Report) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 57,555 shares of the financial services provider's stock after selling 3,988 shares during the period. AON comprises 1.2% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 16th biggest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in AON were worth $20,533,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new stake in AON during the 1st quarter worth approximately $28,000. Saudi Central Bank purchased a new stake in AON during the 1st quarter worth approximately $31,000. HHM Wealth Advisors LLC increased its stake in 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 during the period. Tsfg LLC purchased a new stake in AON during the 1st quarter worth approximately $37,000. Finally, Accent Capital Management LLC purchased a new stake in shares of AON in the 1st quarter valued at approximately $40,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AON has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. TD Cowen dropped their price objective on shares of AON from $427.00 to $419.00 and set a "buy" rating on the stock in a research report on Wednesday. Wolfe Research started coverage on shares of AON in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Citigroup started coverage on shares of AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 target price for the company. Finally, Morgan Stanley upgraded shares of AON from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $385.00 to $430.00 in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $414.69.

AON Price Performance

NYSE:AON traded down $2.71 during mid-day trading on Friday, hitting $350.05. 3,728,789 shares of the company's stock traded hands, compared to its average volume of 1,027,788. The company has a market cap of $75.48 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm's 50 day simple moving average is $363.92 and its 200 day simple moving average is $366.61.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.745 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON's dividend payout ratio (DPR) 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.