Capital International Inc. CA Sells 7,776 Shares of Aon plc $AON

Capital International Inc. CA lessened its stake in shares of Aon plc (NYSE:AON) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,460 shares of the financial services provider’s stock after selling 7,776 shares during the quarter. Capital International Inc. CA’s holdings in AON were worth $31,216,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its stake in shares of AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in AON during the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in AON during the 4th quarter valued at approximately $30,000. Strive Asset Management LLC bought a new stake in AON during the 3rd quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in AON during the 3rd quarter valued at approximately $37,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $328.85 on Friday. The stock has a 50 day moving average of $321.49 and a two-hundred day moving average of $333.17. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a market capitalization of $70.24 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.73 and a beta of 0.71.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the company earned $5.67 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Aon plc will post 19.1 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.82 dividend. The ex-dividend date was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is 16.36%.

Analyst Ratings Changes

Several brokerages recently weighed in on AON. TD Cowen restated a “buy” rating on shares of AON in a research note on Monday, March 16th. Keefe, Bruyette & Woods decreased their target price on AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. decreased their target price on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Piper Sandler increased their target price on AON from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Barclays decreased their target price on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.

AON Company 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.