Cantillon Capital Management LLC Sells 29,793 Shares of Aon plc (NYSE:AON)

Cantillon Capital Management LLC trimmed its holdings in shares of Aon plc (NYSE:AON - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,220,174 shares of the financial services provider's stock after selling 29,793 shares during the quarter. AON makes up approximately 2.4% of Cantillon Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Cantillon Capital Management LLC owned about 0.61% of AON worth $355,095,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Integrated Advisors Network LLC boosted its stake in AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider's stock valued at $215,000 after acquiring an additional 32 shares in the last quarter. Capital Planning Advisors LLC grew its stake in AON by 0.3% during the 3rd quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider's stock worth $3,824,000 after buying an additional 35 shares during the last quarter. Valley Wealth Managers Inc. raised its stake in AON by 4.9% in the third quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider's stock valued at $252,000 after buying an additional 36 shares during the last quarter. Lincoln National Corp boosted its holdings in AON by 0.7% in the third quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider's stock worth $1,766,000 after acquiring an additional 37 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of AON by 2.2% during the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider's stock valued at $560,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Insiders Place Their Bets

In related news, CFO Christa Davies sold 20,618 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the sale, the chief financial officer now owns 159,570 shares of the company's stock, valued at $49,690,098. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael Neller sold 750 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now owns 3,869 shares of the company's stock, valued at approximately $1,207,128. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Christa Davies sold 20,618 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the sale, the chief financial officer now owns 159,570 shares in the company, valued at $49,690,098. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock valued at $23,335,805 in the last three months. 1.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

AON has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of AON from $325.00 to $327.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. UBS Group dropped their price objective on shares of AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of AON from $318.00 to $353.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Royal Bank of Canada cut their price objective on shares of AON from $325.00 to $315.00 and set a "sector perform" rating for the company in a report on Monday, April 29th. Finally, Piper Sandler lowered their target price on shares of AON from $326.00 to $312.00 and set a "neutral" rating on the stock in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $329.69.

AON Stock Up 1.9 %

Shares of AON stock traded up $5.52 during trading hours on Friday, reaching $293.10. 2,069,952 shares of the company's stock were exchanged, compared to its average volume of 1,170,151. The business has a fifty day moving average of $311.50 and a two-hundred day moving average of $311.61. The company has a market capitalization of $63.73 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. Aon plc has a 1 year low of $268.06 and a 1 year high of $347.37.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.17 EPS. As a group, research analysts predict that Aon plc will post 15.59 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This is a boost from AON's previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, April 30th. AON's dividend payout ratio is presently 21.16%.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

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