Aon plc (NYSE:AON) shares sold by Longview Partners Guernsey LTD

Longview Partners Guernsey LTD lessened its holdings in shares of Aon plc (NYSE:AON – Free Report) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,520,594 shares of the financial services provider’s stock after selling 198,510 shares during the quarter. AON comprises 3.3% of Longview Partners Guernsey LTD’s holdings, making the stock its 23rd largest position. Longview Partners Guernsey LTD owned approximately 0.70% of AON worth $446,416,000 as of its most recent filing with the Securities and Exchange Commission. recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AON. Gryphon Financial Partners LLC raised its stake in AON by 262.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after buying an additional 2,989 shares in the last quarter. Robeco Institutional Asset Management BV raised its stake in AON by 10.0% during the 4th quarter. Robeco Institutional Asset Management BV now owns 76,853 shares of the financial services provider’s stock, valued at $224,000 after buying another 6,962 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of AON by 9.6% in the 4th quarter. Brown Advisory Inc. now owns 6,689 shares of the financial services provider’s stock valued at $1,947,000 after acquiring an additional 587 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of AON in the 4th quarter valued at $392,000. Finally, Corient Private Wealth LLC boosted its holdings in shares of AON by 118.4% in the 4th quarter. Corient Private Wealth LLC now owns 85,041 shares of the financial services provider’s stock, valued at $24,749,000 after which acquired an additional 46,102 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s shares.

The Wall Street analyst weighs in

Several research firms have recently commented on AON. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $313.00 to $380.00 in a report on Tuesday. July 30. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company upped their target price on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. AON has an average rating of “Hold” and a consensus price target of $337.27, according to MarketBeat .

See the latest stock analysis on AON

AON price performance

Shares of NYSE AON opened at $347.03 on Friday. The firm has a 50-day simple moving average of $330.75 and a 200-day simple moving average of $311.42. The stock has a market cap of $75.46 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. The company has a quick ratio of 2.42, a current ratio of 2.42, and a debt-to-equity ratio of 2.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $353.54.

AON (NYSE:AON – Get Your Free Report ) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. In the same quarter last year, the company earned $2.76 per share. AON’s quarterly revenue was up 18.4% year-over-year. On average, equities analysts predict that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON announces dividends

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.675 per share. This represents an annualized dividend of $2.70 and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s payout ratio is currently 21.16%.

AON profile

(Free Report)

Aon plc, a professional services firm, provides a range of global risk and human capital solutions. Provides commercial risk solutions including retail brokerage, specialist solutions, global risk consulting and captive management and affinity programs; and health solutions such as health brokers and health care benefits and exchanges.

Further reading

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