Aon plc $AON Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its holdings in shares of Aon plc (NYSE:AON) by 72.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,073 shares of the financial services provider’s stock after selling 2,844 shares during the quarter. Penserra Capital Management LLC’s holdings in AON were worth $382,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vestmark Advisory Solutions Inc. grew its stake in AON by 29.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 11,543 shares of the financial services provider’s stock worth $4,118,000 after purchasing an additional 2,618 shares in the last quarter. Savant Capital LLC grew its position in shares of AON by 0.9% during the second quarter. Savant Capital LLC now owns 11,580 shares of the financial services provider’s stock worth $4,131,000 after buying an additional 102 shares in the last quarter. Modera Wealth Management LLC increased its stake in shares of AON by 5.7% during the second quarter. Modera Wealth Management LLC now owns 13,272 shares of the financial services provider’s stock worth $4,735,000 after buying an additional 714 shares during the period. Soltis Investment Advisors LLC purchased a new position in AON in the second quarter worth approximately $840,000. Finally, Yacktman Asset Management LP grew its holdings in AON by 10.7% during the 2nd quarter. Yacktman Asset Management LP now owns 12,915 shares of the financial services provider’s stock worth $4,608,000 after acquiring an additional 1,245 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AON shares. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and lifted their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Roth Capital reiterated a “buy” rating and issued a $390.00 price objective on shares of AON in a report on Tuesday, November 4th. TD Cowen decreased their target price on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $419.13.

AON Trading Up 0.1%

AON opened at $350.17 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The business’s 50 day moving average is $352.72 and its two-hundred day moving average is $357.57. The firm has a market cap of $75.26 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $2.72 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, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio is 23.88%.

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.