Mn Services Vermogensbeheer B.V. Sells 1,300 Shares of Aon plc $AON

Key Points

• Mn Services Vermogensbeheer B.V. has reduced its holdings in Aon plc by 1.8%, resulting in ownership of 72,700 shares valued at approximately $25.9 million.
• Aon shares have received various ratings from analysts, with one Strong Buy, ten Buy, five Hold, and one Sell rating, leading to a consensus rating of Moderate Buy and an average target price of $414.69.
• Aon declared a quarterly dividend of $0.745 per share, translating to an annualized dividend of $2.98 with a yield of 0.8%.

Mn Services Vermogensbeheer B.V. lessened its holdings in Aon plc (NYSE:AON - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,700 shares of the financial services provider's stock after selling 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in AON were worth $25,936,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted 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 worth $7,893,382,000 after purchasing an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 last quarter. Polen Capital Management LLC lifted its stake in 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 last quarter. Finally, Northern Trust Corp lifted its stake in 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 last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI increased their price target 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. Piper Sandler increased their price target on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. TD Cowen cut their price target on shares of AON from $427.00 to $419.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Finally, 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 report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $414.69.

AON Stock Performance

Shares of AON traded up $2.78 during trading hours on Monday, hitting $354.10. The company had a trading volume of 1,275,900 shares, compared to its average volume of 1,154,699. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.08 and a beta of 0.87. The business has a fifty day moving average of $363.80 and a 200-day moving average of $366.02. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. 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 (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, beating 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 company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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