MetLife Investment Management LLC Sells 1,078 Shares of Aon plc $AON

Key Points

• MetLife Investment Management LLC has reduced its stake in Aon plc by 1.9%, selling 1,078 shares and now holding 55,814 shares valued at approximately $22.3 million.
• Several institutional investors increased their holdings in Aon, with Polen Capital Management LLC significantly boosting its position by 318.1% during the first quarter.
• Aon recently reported a profit of $3.49 per share, exceeding estimates, and announced a quarterly dividend of $0.745, reflecting a 0.8% yield.

MetLife Investment Management LLC reduced its position in Aon plc (NYSE:AON - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,814 shares of the financial services provider's stock after selling 1,078 shares during the quarter. MetLife Investment Management LLC's holdings in AON were worth $22,275,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AON by 1.3% in the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider's stock valued at $7,893,382,000 after acquiring an additional 258,699 shares during the period. Bank of New York Mellon Corp boosted its position in shares of AON by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after acquiring an additional 469,238 shares during the period. Polen Capital Management LLC boosted its position in shares of AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider's stock valued at $1,200,350,000 after acquiring an additional 2,288,397 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of AON by 2.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider's stock valued at $954,053,000 after acquiring an additional 61,350 shares during the period. Finally, Northern Trust Corp boosted its position in shares of AON by 6.1% in the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock valued at $914,163,000 after acquiring an additional 131,676 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 0.2%

AON stock opened at $374.4670 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a market capitalization of $80.75 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.83. The company's 50 day moving average price is $359.36 and its two-hundred day moving average price is $370.39.

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

AON Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AON shares. Piper Sandler raised 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. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lowered their target price 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. Evercore ISI raised their target price on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Barclays reaffirmed an "overweight" rating and issued a $420.00 target price (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AON has an average rating of "Moderate Buy" and an average target price of $409.18.

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.

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