C WorldWide Group Holding A S Reduces Holdings in Aon plc $AON

C WorldWide Group Holding A S lowered its stake in shares of Aon plc (NYSE:AON) by 14.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 620,660 shares of the financial services provider’s stock after selling 108,098 shares during the period. AON makes up about 3.0% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 15th largest position. C WorldWide Group Holding A S’s holdings in AON were worth $221,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC grew its holdings in shares of AON by 0.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 28 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after buying an additional 29 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after buying an additional 30 shares during the last quarter. Sunflower Bank N.A. grew its holdings in shares of AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after buying an additional 30 shares during the last quarter. Finally, MBL Wealth LLC grew its holdings in shares of AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of research reports. Evercore ISI raised their price target on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Wells Fargo & Company lowered their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Finally, Citigroup raised AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $421.07.

AON Price Performance

Shares of NYSE:AON opened at $342.03 on Thursday. The business’s 50 day simple moving average is $355.04 and its 200-day simple moving average is $358.01. The firm has a market capitalization of $73.51 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.72 EPS. As a group, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is 23.88%.

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.