LGT Fund Management Co Ltd. Has $2.88 Million Position in Aon plc (NYSE:AON)

Key Points

• LGT Fund Management Co Ltd. reduced its stake in Aon plc by 31.6% during the first quarter, now holding 7,203 shares valued at approximately $2,875,000.
• Several institutional investors have also made adjustments to their Aon holdings, with institutions owning 86.14% of the company's stock.
• Aon recently announced a quarterly dividend of $0.745 per share, representing a 0.8% dividend yield and a payout ratio of 24.96%.

LGT Fund Management Co Ltd. lessened its holdings in shares of Aon plc (NYSE:AON - Free Report) by 31.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,203 shares of the financial services provider's stock after selling 3,330 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in AON were worth $2,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Relyea Zuckerberg Hanson LLC boosted its position in shares of AON by 1.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 27 shares during the period. Value Partners Investments Inc. lifted its position in AON by 1.9% in the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after purchasing an additional 28 shares during the period. 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 valued at $2,916,000 after purchasing an additional 29 shares in the last quarter. HHM Wealth Advisors LLC increased its position in AON by 54.7% during 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 during the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock worth $479,000 after purchasing an additional 30 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Price Performance

NYSE:AON traded up $0.84 during trading hours on Friday, reaching $367.19. 1,181,059 shares of the company's stock were exchanged, compared to its average volume of 1,546,041. The company has a market capitalization of $79.18 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. The business's 50-day simple moving average is $357.40 and its two-hundred day simple moving average is $370.58. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

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. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.93 EPS. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on AON. Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price target (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and raised their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research report on Wednesday. Finally, Barclays reiterated an "overweight" rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $410.69.

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.