TD Asset Management Inc Sells 4,408 Shares of Aon plc (NYSE:AON)

Key Points

• TD Asset Management Inc has reduced its stake in Aon plc by 5.0%, bringing its holdings down to 84,295 shares valued at approximately $33.64 million.
• Aon reported a quarterly EPS of $3.49, exceeding the consensus estimate of $3.40, with a year-over-year revenue increase of 10.5%.
• The company has declared a quarterly dividend of $0.745 per share, contributing to an annualized dividend yield of 0.81%.

TD Asset Management Inc lessened its stake in Aon plc (NYSE:AON - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,295 shares of the financial services provider's stock after selling 4,408 shares during the quarter. TD Asset Management Inc's holdings in AON were worth $33,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON in the 1st quarter valued at about $28,000. Tsfg LLC bought a new position in shares of AON in the 1st quarter valued at about $37,000. Garde Capital Inc. bought a new position in shares of AON in the 1st quarter valued at about $42,000. Nemes Rush Group LLC bought a new position in shares of AON in the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC bought a new position in shares of AON in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AON. Piper Sandler raised their target price on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $400.00 to $426.00 in a research note on Wednesday. Wells Fargo & Company reissued an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Barclays reissued an "overweight" rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, AON currently has an average rating of "Moderate Buy" and an average price target of $409.21.

AON Stock Down 0.6%

AON traded down $2.22 during trading on Friday, reaching $352.75. 739,984 shares of the stock were exchanged, compared to its average volume of 1,325,322. The stock has a market cap of $76.06 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.84. Aon plc has a twelve month low of $322.95 and a twelve month high of $412.97. The stock's 50 day moving average price is $358.15 and its two-hundred day moving average price is $370.81. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.73 and a current ratio of 1.52.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion for 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 firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.93 earnings per share. Equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

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.