Ycg LLC reduced its position in shares of Aon plc (NYSE:AON – Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,639 shares of the financial services provider’s stock after selling 1,074 shares during the period. AON accounts for about 4.6% of Ycg LLC’s holdings, making the stock its 7th biggest holding. Ycg LLC owned approximately 0.07% of AON worth $47,180,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXS Investments LLC increased its position in AON by 1.2% during the first quarter. AXS Investments LLC now owns 3,837 shares of the financial services provider’s stock worth $1,210,000 after purchasing an additional 47 shares during the last quarter. Prudential PLC increased its position in shares of AON by 6.2% during the first quarter. Prudential PLC now owns 8,937 shares of the financial services provider’s stock valued at $2,818,000 after acquiring an additional 525 shares during the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of AON by 1.2% during the first quarter. Elo Mutual Pension Insurance Co now owns 16,517 shares of the financial services provider’s stock valued at $5,208,000 after acquiring an additional 188 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of AON by 179.6% during the first quarter. WINTON GROUP Ltd now owns 7,846 shares of the financial services provider’s stock valued at $2,474,000 after acquiring an additional 5,040 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of AON by 28.7% during the first quarter. Sei Investments Co. now owns 261,064 shares of the financial services provider’s stock valued at $82,312,000 after acquiring an additional 58,245 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at AON
In related news, Director Byron Spruell acquired 800 shares of AON stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average price of $324.57 per share, for a total transaction of $259,656.00. Following the transaction, the director now owns 4,001 shares of the company’s stock, valued at $1,298,604.57. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of AON from $365.00 to $380.00 in a research report on Sunday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of AON from $322.00 to $351.00 in a report on Thursday, July 6th. Piper Sandler dropped their price objective on shares of AON from $325.00 to $322.00 and set a “neutral” rating for the company in a report on Monday, July 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $352.00 price objective on shares of AON in a report on Monday, July 31st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $340.00 price objective on shares of AON in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $341.55.
Get Our Latest Stock Report on AON
AON Stock Up 0.7 %
AON stock traded up $2.26 during trading on Friday, reaching $335.65. The stock had a trading volume of 110,656 shares, compared to its average volume of 820,995. Aon plc has a 52-week low of $266.35 and a 52-week high of $347.37. The business has a 50 day moving average price of $330.21 and a 200 day moving average price of $321.16. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 61.66. The stock has a market cap of $68.09 billion, a PE ratio of 25.96, a P/E/G ratio of 2.54 and a beta of 0.90.
AON (NYSE:AON – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.17 billion. AON had a negative return on equity of 1,312.86% and a net margin of 20.78%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 EPS. On average, analysts predict that Aon plc will post 14.26 EPS for the current year.
AON Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.615 per share. The ex-dividend date of this dividend was Monday, July 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.73%. AON’s dividend payout ratio is presently 19.16%.
AON Profile
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.
Further Reading
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