Aon plc (NYSE:AON) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. trimmed its stake in Aon plc (NYSE:AON) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,700 shares of the financial services provider’s stock after selling 1,720 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in AON were worth $1,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gryphon Financial Partners LLC raised its stake in shares of AON by 262.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 2,989 shares during the last quarter. California State Teachers Retirement System boosted its holdings in AON by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock valued at $96,549,000 after purchasing an additional 4,843 shares in the last quarter. Radnor Capital Management LLC increased its position in AON by 203.6% during the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of AON in the 2nd quarter valued at approximately $31,000. Finally, Norden Group LLC purchased a new position in AON in the first quarter worth $2,044,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.0 %

AON stock opened at $347.03 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market cap of $75.46 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92. The business has a fifty day simple moving average of $330.75 and a 200-day simple moving average of $311.42. Aon plc has a 52 week low of $268.06 and a 52 week high of $353.54.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities research analysts expect that Aon plc will post 15.23 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company increased their target price on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $337.27.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.