Aon plc $AON Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its holdings in Aon plc (NYSE:AON) by 98.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,601 shares of the financial services provider’s stock after selling 132,818 shares during the quarter. Jefferies Financial Group Inc.’s holdings in AON were worth $928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Polen Capital Management LLC increased its stake in shares of AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after acquiring an additional 2,288,397 shares during the period. Nuveen LLC acquired a new stake in AON during the 1st quarter worth about $505,108,000. Wellington Management Group LLP purchased a new position in shares of AON during the 1st quarter valued at about $490,634,000. Vanguard Group Inc. lifted its holdings in shares of AON by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after buying an additional 511,292 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of AON by 15.6% in the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Evercore ISI boosted their target price on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $416.56.

AON Stock Performance

NYSE:AON opened at $353.09 on Thursday. 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 stock has a market capitalization of $75.89 billion, a PE ratio of 29.57, a P/E/G ratio of 1.92 and a beta of 0.86. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a fifty day moving average of $349.13 and a two-hundred day moving average of $357.16.

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, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned $2.72 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is 23.88%.

AON Company 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.