Ieq Capital LLC Cuts Holdings in Aon PLC (NYSE:AON)
Ieq Capital LLC decreased its stake in shares of Aon PLC (NYSE:AON) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,640 shares of the financial services provider’s stock after selling 70 shares during the quarter. Ieq Capital LLC’s holdings in AON were worth $435,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of AON. Capital World Investors increased its holdings in AON by 59.3% during the 4th quarter. Capital World Investors now owns 5,217,957 shares of the financial services provider’s stock worth $1,086,848,000 after purchasing an additional 1,942,584 shares during the period. Norges Bank purchased a new stake in AON during the 4th quarter worth about $289,549,000. Janus Henderson Group PLC increased its holdings in AON by 23.9% during the 4th quarter. Janus Henderson Group PLC now owns 4,557,215 shares of the financial services provider’s stock worth $949,202,000 after purchasing an additional 879,207 shares during the period. Silver Lake Advisory LLC increased its holdings in AON by 15,389.8% during the 1st quarter. Silver Lake Advisory LLC now owns 759,000 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 754,100 shares during the period. Finally, BlackRock Inc. boosted its position in shares of AON by 4.3% during the 1st quarter. BlackRock Inc. now owns 17,345,942 shares of the financial services provider’s stock worth $2,862,773,000 after acquiring an additional 722,044 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.
Several research firms have recently issued reports on AON. Wells Fargo & Co lowered their price objective on AON from $232.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. UBS Group lowered their price objective on AON from $202.00 to $197.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Raymond James raised AON from an “underperform” rating to a “market perform” rating in a research report on Monday, March 23rd. MKM Partners lowered their price objective on AON from $260.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Citigroup decreased their target price on AON from $260.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $205.80.
Shares of NYSE AON traded down $2.26 during trading hours on Friday, reaching $191.67. The stock had a trading volume of 2,127,540 shares, compared to its average volume of 1,578,321. The firm has a market cap of $44.29 billion, a price-to-earnings ratio of 27.62 and a beta of 0.85. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.91. Aon PLC has a fifty-two week low of $143.93 and a fifty-two week high of $238.19. The firm has a 50-day moving average of $178.08 and a 200-day moving average of $198.76.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $3.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.67 by $0.01. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. AON had a return on equity of 63.91% and a net margin of 14.84%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 EPS. On average, equities analysts predict that Aon PLC will post 9.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, April 30th. AON’s dividend payout ratio is presently 19.19%.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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