Longview Partners Guernsey LTD Sells 86,790 Shares of Aon plc $AON

Key Points

• Longview Partners Guernsey LTD decreased its holdings in Aon plc by 5.9%, selling 86,790 shares to own 1,381,341 shares, which is 4.4% of its portfolio.
• Aon recently reported a quarterly earnings per share of $3.49, exceeding analysts' expectations of $3.40 and showing a year-over-year revenue increase of 10.5% to $4.16 billion.
• The company declared a quarterly dividend of $0.745 per share, reflecting an annualized dividend yield of 0.8% and a payout ratio of 24.96%.

Longview Partners Guernsey LTD lessened its stake in shares of Aon plc (NYSE:AON - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,381,341 shares of the financial services provider's stock after selling 86,790 shares during the period. AON comprises approximately 4.4% of Longview Partners Guernsey LTD's investment portfolio, making the stock its 10th largest holding. Longview Partners Guernsey LTD owned 0.64% of AON worth $551,279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC raised its stake in AON by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after buying an additional 27 shares during the period. Brighton Jones LLC raised its stake in 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 buying an additional 29 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 29 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of 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. Finally, Wesbanco Bank Inc. increased its stake in shares of AON by 0.3% during the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after purchasing an additional 31 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON traded up $0.62 during midday trading on Friday, hitting $367.16. The company's stock had a trading volume of 774,627 shares, compared to its average volume of 1,294,106. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company's fifty day simple moving average is $361.09 and its two-hundred day simple moving average is $369.90. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $79.17 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83.

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

AON Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AON. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company restated an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Barclays restated 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, July 31st. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and raised their price objective for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $412.69.

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.