Capital International Investors Sells 124,313 Shares of Aon plc (NYSE:AON)

Capital International Investors trimmed its position in shares of Aon plc (NYSE:AON) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,924,432 shares of the financial services provider’s stock after selling 124,313 shares during the quarter. Capital International Investors owned approximately 0.89% of AON worth $691,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AON. Norges Bank bought a new position in shares of AON during the fourth quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership increased its position in AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock valued at $742,582,000 after buying an additional 960,204 shares in the last quarter. Geode Capital Management LLC raised its stake in AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 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 brokerages recently commented on AON. Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. Piper Sandler increased their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Jefferies Financial Group boosted their price objective on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. Finally, Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AON has an average rating of “Hold” and a consensus price target of $393.87.

AON Stock Performance

Shares of NYSE AON opened at $367.08 on Friday. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The firm has a market capitalization of $79.29 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a 50 day moving average of $389.51 and a 200 day moving average of $375.29.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business posted $3.89 earnings per share. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.745 per share. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 1st. AON’s payout ratio is presently 23.54%.

AON 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.