Siemens Fonds Invest GmbH Sells 4,780 Shares of Aon plc (NYSE:AON)

Siemens Fonds Invest GmbH cut its stake in shares of Aon plc (NYSE:AON) by 70.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,025 shares of the financial services provider’s stock after selling 4,780 shares during the period. Siemens Fonds Invest GmbH’s holdings in AON were worth $727,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Value Partners Investments Inc. lifted its position in shares of AON by 1.9% during the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after buying an additional 28 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON stock opened at $362.10 on Friday. The company’s 50-day moving average price is $372.99 and its 200-day moving average price is $375.11. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $78.19 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. Aon plc has a twelve month low of $275.07 and a twelve month high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $5.66 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.82%. AON’s dividend payout ratio (DPR) is currently 25.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Redburn Atlantic upgraded AON to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Barclays dropped their price target on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $391.75.

About AON

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.