Financiere des Professionnels Fonds d investissement inc. Increases Holdings in Aon plc $AON

Financiere des Professionnels Fonds d investissement inc. increased its holdings in shares of Aon plc (NYSE:AON) by 11.8% in the fourth quarter, Holdings Channel reports. The firm owned 63,703 shares of the financial services provider’s stock after acquiring an additional 6,742 shares during the period. AON makes up 1.3% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 15th biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in AON were worth $22,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sound View Wealth Advisors Group LLC boosted its position in AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 29 shares during the period. Kathmere Capital Management LLC boosted its position in AON by 2.1% in the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after buying an additional 32 shares during the last quarter. Westpac Banking Corp boosted its position in AON by 5.6% in the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after buying an additional 33 shares during the last quarter. Capital Investment Advisors LLC boosted its position in AON by 1.8% in the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after buying an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in AON by 39.3% in the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AON. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Mizuho decreased their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Barclays decreased their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Citigroup upped their price objective on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $396.81.

AON Price Performance

AON opened at $337.09 on Thursday. The firm has a market cap of $71.99 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The company’s 50-day moving average price is $322.16 and its 200 day moving average price is $332.74. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.67 earnings per share. As a group, sell-side analysts expect that Aon plc will post 19.1 earnings per share for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio (DPR) is currently 16.36%.

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.