Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Aon plc $AON

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Aon plc (NYSE:AON) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,301 shares of the financial services provider’s stock after selling 23,601 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AON were worth $144,380,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. raised its stake in AON by 0.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 58,047 shares of the financial services provider’s stock worth $18,736,000 after buying an additional 524 shares in the last quarter. Personal CFO Solutions LLC boosted its position in AON by 28.2% during the 1st quarter. Personal CFO Solutions LLC now owns 6,331 shares of the financial services provider’s stock valued at $2,043,000 after acquiring an additional 1,394 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in shares of AON by 60.1% during the 1st quarter. Quantum Portfolio Management LLC now owns 1,326 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 498 shares during the period. Jackson Thornton Wealth Management LLC bought a new position in shares of AON in the 1st quarter worth approximately $244,000. Finally, Abel Hall LLC lifted its stake in shares of AON by 28.4% in the 1st quarter. Abel Hall LLC now owns 971 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 215 shares during the period. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of AON in a research note on Monday, March 16th. Citigroup raised their price objective on AON from $412.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Barclays boosted their target price on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Finally, Piper Sandler lowered their price target on shares of AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research report on Monday, June 15th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $402.19.

Insider Activity

In other news, General Counsel Darren Zeidel sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total value of $216,000.00. Following the transaction, the general counsel owned 15,354 shares in the company, valued at approximately $5,527,440. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $355.20 on Friday. The business has a fifty day moving average price of $326.39 and a 200-day moving average price of $330.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $75.86 billion, a PE ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.71. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the business posted $5.67 EPS. AON’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Aon plc will post 19.09 EPS for the current fiscal year.

Key Headlines Impacting AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: Mizuho raised its price target on Aon to $426 from $389 and reiterated an outperform rating, signaling confidence in further upside for the stock. Mizuho raises Aon price target
• Positive Sentiment: Wells Fargo kept an overweight rating and nudged its target to $406 from $409, indicating analysts still see meaningful upside despite the small cut. Wells Fargo adjusts Aon target
• Positive Sentiment: Keefe, Bruyette & Woods also maintained an outperform rating, trimming its target only slightly to $400 from $404, which suggests the broader analyst view remains constructive. KBW adjusts Aon target
• Neutral Sentiment: Aon announced leadership changes in its specialty risk and reinsurance businesses, including new appointments and a revised UK and Ireland reinsurance structure, which may support longer-term execution but is not likely to move the stock immediately. Aon appoints Bob Reville and Eric Foster
• Negative Sentiment: Aon General Counsel Darren Zeidel sold 600 shares at $360 each, a routine insider transaction that can still be read as a mild negative signal by investors. SEC insider filing for Darren Zeidel sale

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.