Aon plc (NYSE:AON) Shares Sold by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management LLC has reduced its stake in Aon plc by 3.3%, owning 30,619 shares valued at approximately $12.22 million.
• Several large investors have made significant changes to their positions in Aon, with Polen Capital Management LLC increasing its stake by 318.1%, now holding 3,007,719 shares worth $1.2 billion.
• Wall Street analysts maintain an overall positive outlook for Aon, with a consensus rating of "Moderate Buy" and an average price target of $409.21.

Motley Fool Asset Management LLC trimmed its stake in shares of Aon plc (NYSE:AON - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,619 shares of the financial services provider's stock after selling 1,053 shares during the period. Motley Fool Asset Management LLC's holdings in AON were worth $12,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AON. Portside Wealth Group LLC raised its position in shares of AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after buying an additional 9,302 shares during the last quarter. WCM Investment Management LLC raised its position in shares of 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 buying an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position 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 raised its position in shares of AON by 425.3% in the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after buying an additional 1,544 shares during the last quarter. Finally, Ninety One North America Inc. raised its position in shares of AON by 64.4% in the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock valued at $2,986,000 after buying an additional 2,932 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 1.1%

AON stock traded down $4.20 during trading on Thursday, reaching $366.72. The stock had a trading volume of 1,279,094 shares, compared to its average volume of 1,338,515. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The business has a 50 day moving average price of $357.55 and a 200 day moving average price of $370.68. 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 cap of $79.07 billion, a PE ratio of 30.71, a P/E/G ratio of 2.15 and a beta of 0.83.

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 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 was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 EPS. On average, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 1st. AON's payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AON. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a research report on Wednesday. Citigroup assumed coverage on shares of AON in a research report on Wednesday. They set a "neutral" rating and a $402.00 price objective for the company. Evercore ISI raised their price objective on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Piper Sandler raised their price objective on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group upgraded shares of 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 report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of "Moderate Buy" and a consensus price target 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.