Aon plc (NYSE:AON) Holdings Reduced by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Aon plc by 12.3%, ending the quarter with holdings worth $12.34 million after selling 4,329 shares.
• Aon reported a quarterly earnings per share of $3.49, surpassing analysts' expectations of $3.40, with revenue remaining stable at $4.16 billion.
• The company announced a quarterly dividend of $0.745 per share, resulting in an annualized dividend yield of 0.8% and a payout ratio of 24.96%.

Motley Fool Wealth Management LLC decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,924 shares of the financial services provider's stock after selling 4,329 shares during the quarter. Motley Fool Wealth Management LLC's holdings in AON were worth $12,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of AON during the 1st quarter valued at $28,000. HHM Wealth Advisors LLC lifted its holdings in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 29 shares in the last quarter. Tsfg LLC acquired a new position in AON in the 1st quarter worth $37,000. Accent Capital Management LLC acquired a new position in AON in the 1st quarter worth $40,000. Finally, Garde Capital Inc. acquired a new position in AON in the 1st quarter worth $42,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Performance

Shares of NYSE:AON traded down $4.20 during trading on Thursday, reaching $366.72. 1,279,091 shares of the company's stock traded hands, compared to its average volume of 1,338,512. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a 50 day moving average of $357.55 and a 200-day moving average of $370.68. The stock has a market capitalization of $79.07 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83.

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

AON Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Evercore ISI boosted their price objective on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods cut their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup started coverage on shares of AON in a report on Wednesday. They issued a "neutral" rating and a $402.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AON presently has a consensus rating of "Moderate Buy" and a consensus price target of $410.69.

About AON

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.