Cantillon Capital Management LLC Trims Position in Aon plc $AON

Cantillon Capital Management LLC lessened its stake in shares of Aon plc (NYSE:AON) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,247,354 shares of the financial services provider’s stock after selling 36,194 shares during the quarter. AON comprises 2.6% of Cantillon Capital Management LLC’s portfolio, making the stock its 16th largest holding. Cantillon Capital Management LLC’s holdings in AON were worth $445,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in AON during the 1st quarter valued at about $28,000. Saudi Central Bank bought a new stake in shares of AON during the 1st quarter valued at about $31,000. Pinnacle Bancorp Inc. boosted its position in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of AON during the 2nd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $343.36 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $362.37 and a two-hundred day simple moving average of $360.63. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market capitalization of $74.04 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.02 and a beta of 0.89.

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

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

AON has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and lifted their price target for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Evercore ISI boosted their target price on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Citigroup assumed coverage on AON in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $420.00.

About AON

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.