Ensign Peak Advisors Inc Sells 19,409 Shares of Aon plc (NYSE:AON)

Ensign Peak Advisors Inc decreased its holdings in Aon plc (NYSE:AON) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,110 shares of the financial services provider’s stock after selling 19,409 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.10% of AON worth $63,446,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of AON by 0.4% in the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the last quarter. Capital International Investors boosted its position in AON by 0.4% during the fourth quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock valued at $1,607,519,000 after acquiring an additional 22,346 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after acquiring an additional 52,099 shares during the last quarter. Finally, Sustainable Growth Advisers LP boosted its position in AON by 4.7% during the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after acquiring an additional 127,173 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.0 %

AON opened at $347.03 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $353.54. The firm has a market capitalization of $75.46 billion, a PE ratio of 27.20, a P/E/G ratio of 2.26 and a beta of 0.92. The company’s 50-day moving average is $330.75 and its 200 day moving average is $311.39.

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

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.675 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.78%. AON’s dividend payout ratio (DPR) is 21.16%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays assumed coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and upped their price target for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped 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. Piper Sandler upped their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $337.27.

AON Company Profile

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.