Vontobel Holding Ltd. Sells 129,193 Shares of Aon plc $AON

Vontobel Holding Ltd. reduced its holdings in shares of Aon plc (NYSE:AON) by 14.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 760,139 shares of the financial services provider’s stock after selling 129,193 shares during the quarter. Vontobel Holding Ltd.’s holdings in AON were worth $268,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. Wealth Watch Advisors INC bought a new position in shares of AON during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new position in shares of AON during the 4th quarter worth approximately $30,000. Strive Asset Management LLC bought a new position in shares of AON during the 3rd quarter worth approximately $35,000. Measured Wealth Private Client Group LLC bought a new position in shares of AON during the 3rd quarter worth approximately $37,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 33 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of several research analyst reports. Bank of America upgraded AON from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. JPMorgan Chase & Co. reduced their price target on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Mizuho reduced their price target on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. TD Cowen restated a “buy” rating on shares of AON in a research note on Monday, March 16th. Finally, Piper Sandler boosted their price target on AON from $355.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.

AON Stock Performance

AON opened at $335.51 on Friday. The business has a fifty day simple moving average of $322.69 and a 200 day simple moving average of $332.68. The company has a market capitalization of $71.66 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95.

AON (NYSE:AON) last released its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.67 EPS. Research analysts expect that Aon plc will post 19.1 EPS for the current year.

AON Increases Dividend

The business also recently announced 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 represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is currently 16.36%.

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.