Generali Asset Management SPA SGR Reduces Stock Position in Aon plc $AON

Key Points

• Generali Asset Management SPA SGR significantly reduced its stake in Aon plc by 66.2% in the second quarter, now holding just 2,255 shares worth approximately $804,000.
• Wall Street analysts remain bullish on Aon with eleven buy ratings and a consensus target price of $420.00, despite some adjustments in target prices.
• Aon announced a quarterly dividend of $0.745 per share, representing a yield of 0.9% and a payout ratio of 24.96%.

Generali Asset Management SPA SGR lowered its position in shares of Aon plc (NYSE:AON - Free Report) by 66.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,255 shares of the financial services provider's stock after selling 4,411 shares during the period. Generali Asset Management SPA SGR's holdings in AON were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new position in AON during the 1st quarter valued at $28,000. Saudi Central Bank purchased a new position in AON during the 1st quarter valued at $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 33 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of AON during the 2nd quarter valued at $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AON. TD Cowen dropped their target price on shares of AON from $427.00 to $419.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Weiss Ratings restated a "buy (b-)" rating on shares of AON in a report on Wednesday, October 8th. Piper Sandler boosted their target price on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and upped their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Citigroup assumed coverage on shares of AON in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, AON presently has an average rating of "Moderate Buy" and a consensus price target of $420.00.

AON Price Performance

Shares of NYSE:AON opened at $346.74 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The business has a 50-day simple moving average of $363.26 and a two-hundred day simple moving average of $361.44. 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 has a market cap of $74.77 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share 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 in the prior year, the business earned $2.93 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON's dividend payout ratio is 24.96%.

AON 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.