Aon plc (NYSE:AON) Shares Sold by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. trimmed its stake in shares of Aon plc (NYSE:AON) by 31.6% during the 1st quarter, Holdings Channel reports. The fund owned 7,203 shares of the financial services provider’s stock after selling 3,330 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in AON were worth $2,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Qtron Investments LLC grew its holdings in AON by 43.2% in the fourth quarter. Qtron Investments LLC now owns 1,256 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 379 shares during the period. Townsquare Capital LLC grew its holdings in AON by 1.1% in the fourth quarter. Townsquare Capital LLC now owns 13,190 shares of the financial services provider’s stock valued at $4,737,000 after purchasing an additional 140 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in AON in the fourth quarter valued at approximately $525,000. LFL Advisers LLC grew its holdings in AON by 1.3% in the fourth quarter. LFL Advisers LLC now owns 87,296 shares of the financial services provider’s stock valued at $31,353,000 after purchasing an additional 1,140 shares during the period. Finally, Mariner LLC grew its holdings in AON by 3.6% in the fourth quarter. Mariner LLC now owns 45,619 shares of the financial services provider’s stock valued at $16,385,000 after purchasing an additional 1,566 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock opened at $367.99 on Tuesday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a market cap of $79.35 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.17 and a beta of 0.83. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The business’s 50 day moving average price is $357.81 and its 200 day moving average price is $370.73.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.93 earnings per share. On average, research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

AON has been the topic of several research analyst reports. Evercore ISI raised their price objective on AON from $411.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods decreased their target price on AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and raised their target price for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Finally, Barclays restated an “overweight” rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $409.21.

AON Profile

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.