GM Advisory Group LLC Sells 6,037 Shares of Aon plc $AON

GM Advisory Group LLC decreased its position in Aon plc (NYSE:AON) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,752 shares of the financial services provider’s stock after selling 6,037 shares during the period. GM Advisory Group LLC’s holdings in AON were worth $11,540,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of AON by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after buying an additional 191,658 shares during the period. Capital World Investors grew its stake in shares of AON by 1.5% during the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after acquiring an additional 176,207 shares during the period. State Street Corp increased its holdings in AON by 1.2% in the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after acquiring an additional 105,154 shares during the last quarter. Dodge & Cox increased its holdings in AON by 126.6% in the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock worth $2,770,975,000 after acquiring an additional 4,387,773 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in AON by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after acquiring an additional 28,066 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Down 0.2%

Shares of AON stock opened at $356.89 on Friday. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00. The company has a market cap of $76.23 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.88 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $323.63 and its 200-day moving average price is $330.77.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.67 earnings per share. On average, equities analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.82 per share. This is an increase from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 18.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AON shares. Wells Fargo & Company cut their target price on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Mizuho dropped their price target on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods lowered their target price on shares of AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Morgan Stanley cut their price target on AON from $380.00 to $370.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.94.

AON Profile

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.