Aon plc (NYSE:AON) is Sustainable Growth Advisers LP's 10th Largest Position

Sustainable Growth Advisers LP trimmed its holdings in Aon plc (NYSE:AON - Free Report) by 29.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,592,962 shares of the financial services provider's stock after selling 670,821 shares during the quarter. AON comprises approximately 3.5% of Sustainable Growth Advisers LP's portfolio, making the stock its 10th largest holding. Sustainable Growth Advisers LP owned approximately 0.74% of AON worth $635,735,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AON. Financial Gravity Asset Management Inc. purchased a new stake in shares of AON during the 1st quarter valued at approximately $28,000. Millstone Evans Group LLC purchased a new stake in shares of AON during the 4th quarter valued at approximately $32,000. Tsfg LLC purchased a new stake in shares of AON during the 1st quarter valued at approximately $37,000. Garde Capital Inc. purchased a new stake in shares of AON during the 1st quarter valued at approximately $42,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON during the 4th quarter valued at approximately $55,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Keefe, Bruyette & Woods dropped their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Barclays dropped their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $403.00.

AON Stock Up 0.0%

Shares of AON stock traded up $0.12 on Thursday, reaching $357.40. 1,514,685 shares of the stock were exchanged, compared to its average volume of 1,313,551. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26. The business's 50 day moving average price is $358.09 and its 200 day moving average price is $370.42. The company has a market capitalization of $77.18 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.11 and a beta of 0.84. Aon plc has a twelve month low of $298.20 and a twelve month high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.66 EPS. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 dividend on an annualized basis and a yield of 0.83%. AON's dividend payout ratio (DPR) is presently 25.38%.

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.