Plato Investment Management Ltd Reduces Holdings in Aon plc $AON

Key Points

• Plato Investment Management Ltd reduced its stake in Aon plc by 23.1%, owning 4,711 shares valued at $1.9 million after selling 1,415 shares in Q1.
• Aon plc's earnings report showed an EPS of $3.49 for the quarter, beating estimates, with revenue increasing by 10.5% year-over-year.
• Research analysts have recently raised their price targets on Aon shares, with a consensus target of $412.69 and a “Moderate Buy” rating overall.

Plato Investment Management Ltd lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 23.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,711 shares of the financial services provider's stock after selling 1,415 shares during the quarter. Plato Investment Management Ltd's holdings in AON were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of AON by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,370,523 shares of the financial services provider's stock worth $546,962,000 after acquiring an additional 96,573 shares during the period. Woodline Partners LP grew its stake in AON by 39.8% in the first quarter. Woodline Partners LP now owns 336,515 shares of the financial services provider's stock worth $134,300,000 after purchasing an additional 95,758 shares during the period. MBB Public Markets I LLC bought a new position in AON in the first quarter worth $323,000. Ascent Group LLC lifted its position in AON by 40.5% during the first quarter. Ascent Group LLC now owns 8,034 shares of the financial services provider's stock valued at $3,206,000 after buying an additional 2,316 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of AON during the 1st quarter valued at $2,026,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of AON opened at $362.14 on Thursday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a market capitalization of $78.09 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87. The firm has a 50 day moving average of $363.21 and a 200 day moving average of $368.87. 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 earnings results on Friday, July 25th. The financial services provider reported $3.49 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 business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business posted $2.93 EPS. The company's revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on AON shares. Evercore ISI lifted their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Barclays restated an "overweight" rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. Piper Sandler upped their price target on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and lifted their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, AON presently has a consensus rating of "Moderate Buy" and a consensus target price of $412.69.

AON Company 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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