Fiera Capital Corp Sells 15,752 Shares of Aon plc $AON

Fiera Capital Corp trimmed its holdings in shares of Aon plc (NYSE:AON) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 533,582 shares of the financial services provider’s stock after selling 15,752 shares during the quarter. Fiera Capital Corp’s holdings in AON were worth $188,290,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in AON by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after acquiring an additional 191,658 shares during the period. Capital World Investors increased its position in AON by 1.5% during the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after acquiring an additional 176,207 shares during the period. State Street Corp increased its position in AON by 1.2% during the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after acquiring an additional 105,154 shares during the period. Geode Capital Management LLC grew its stake in AON by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after buying an additional 28,066 shares in the last quarter. Finally, Dodge & Cox acquired a new stake in AON during the third quarter worth about $1,235,437,000. 86.14% of the stock is owned by institutional investors.

AON Trading Up 0.1%

AON opened at $328.85 on Monday. The company’s 50 day moving average is $321.49 and its 200-day moving average is $333.05. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market cap of $70.24 billion, a P/E ratio of 18.05, a PEG ratio of 1.73 and a beta of 0.71.

AON (NYSE:AON) last posted its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same period last year, the company posted $5.67 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is 16.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Piper Sandler increased their price objective on shares of AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Mizuho reduced their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Barclays reduced their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and an average target price of $396.81.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.