AMF Tjanstepension AB Sells 7,326 Shares of Aon plc $AON

AMF Tjanstepension AB lowered its holdings in shares of Aon plc (NYSE:AON) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,466 shares of the financial services provider’s stock after selling 7,326 shares during the quarter. AMF Tjanstepension AB’s holdings in AON were worth $42,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sound View Wealth Advisors Group LLC grew its stake in AON by 1.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC grew its stake in AON by 2.1% in the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after buying an additional 32 shares during the last quarter. Westpac Banking Corp grew its stake in AON by 5.6% in the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after buying an additional 33 shares during the last quarter. Capital Investment Advisors LLC grew its stake in AON by 1.8% in the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after buying an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its stake in AON by 39.3% in the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

NYSE:AON opened at $326.48 on Tuesday. The firm has a market cap of $69.73 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $322.19 and its two-hundred day moving average price is $335.20.

AON (NYSE:AON) last announced its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the firm posted $5.67 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Aon plc will post 19.07 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is presently 16.36%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $398.00 to $397.00 in a research report on Friday, February 27th. Citigroup raised their price target on shares of AON from $402.00 to $412.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. UBS Group restated a “neutral” rating and issued a $385.00 price target on shares of AON in a research report on Monday, February 2nd. Jefferies Financial Group restated a “buy” rating and issued a $408.00 price target on shares of AON in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.88.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.