Motley Fool Asset Management LLC Sells 560 Shares of Aon plc $AON

Motley Fool Asset Management LLC lessened its stake in Aon plc (NYSE:AON) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,059 shares of the financial services provider’s stock after selling 560 shares during the period. Motley Fool Asset Management LLC’s holdings in AON were worth $10,724,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in AON by 15.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,085 shares of the financial services provider’s stock worth $26,074,000 after purchasing an additional 9,800 shares during the last quarter. Rossby Financial LCC raised its position in AON by 9.1% in the 2nd quarter. Rossby Financial LCC now owns 406 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 34 shares during the last quarter. Teacher Retirement System of Texas raised its position in AON by 30.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 95,512 shares of the financial services provider’s stock worth $34,075,000 after purchasing an additional 22,295 shares during the last quarter. Bessemer Group Inc. raised its position in AON by 9.6% in the 2nd quarter. Bessemer Group Inc. now owns 11,258 shares of the financial services provider’s stock worth $4,016,000 after purchasing an additional 985 shares during the last quarter. Finally, Cryder Capital Partners LLP bought a new position in AON in the 2nd quarter worth approximately $82,524,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AON. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Wells Fargo & Company dropped their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Wolfe Research began coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Moderate Buy” and an average target price of $420.00.

AON Price Performance

AON opened at $336.61 on Tuesday. 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 plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a fifty day simple moving average of $360.12 and a 200 day simple moving average of $359.84. The stock has a market cap of $72.58 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.99 and a beta of 0.89.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS 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 analysts’ expectations of $4.16 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio is currently 24.96%.

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.