Kestra Advisory Services LLC Trims Stock Holdings in Aon plc $AON

Key Points

• Kestra Advisory Services LLC reduced its stake in Aon plc by 4.3%, owning 18,403 shares valued at approximately $7.34 million as of its latest SEC filing.
• Aon reported a quarterly EPS of $3.49, exceeding analysts' estimates, with a revenue of $4.16 billion that reflects a year-over-year growth of 10.5%.
• The company declared a quarterly dividend of $0.745 per share, resulting in an annualized dividend yield of 0.8% and a payout ratio of 24.96%.

Kestra Advisory Services LLC decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,403 shares of the financial services provider's stock after selling 823 shares during the period. Kestra Advisory Services LLC's holdings in AON were worth $7,344,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Portside Wealth Group LLC raised its position in 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 purchasing an additional 9,302 shares during the last quarter. WCM Investment Management LLC increased its stake in AON by 0.3% in the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after purchasing an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of AON by 5.6% in the first 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 buying an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after buying an additional 1,544 shares during the period. Finally, Ninety One North America Inc. grew its holdings in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after buying an additional 2,932 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON traded down $0.68 on Friday, hitting $365.86. 365,891 shares of the company were exchanged, compared to its average volume of 1,319,271. Aon plc has a fifty-two week low of $323.73 and a fifty-two week 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 has a market capitalization of $78.89 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.83. The business's fifty day moving average is $360.85 and its 200 day moving average is $370.13.

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

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AON. Piper Sandler increased their price objective on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a report on Tuesday, May 13th. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Barclays restated an "overweight" rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Citigroup assumed coverage on shares of AON in a research note on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, AON has a consensus rating of "Moderate Buy" and an average target price of $412.69.

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.