AGF Management Ltd. Decreases Stock Holdings in Aon plc (NYSE:AON)

AGF Management Ltd. reduced its holdings in Aon plc (NYSE:AON) by 26.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,590 shares of the financial services provider’s stock after selling 2,374 shares during the period. AGF Management Ltd.’s holdings in AON were worth $2,367,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after purchasing an additional 38,447 shares during the period. Bank of New York Mellon Corp increased its position in shares of AON by 15.5% during the 4th 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 purchasing an additional 343,592 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in AON by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider’s stock valued at $475,251,000 after buying an additional 7,010 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after buying an additional 31,021 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AON. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON Stock Down 1.1 %

NYSE:AON opened at $393.75 on Friday. The company has a market cap of $85.05 billion, a PE ratio of 31.10, a P/E/G ratio of 2.12 and a beta of 0.92. 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 company’s 50 day moving average is $380.45 and its two-hundred day moving average is $368.30. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $3.89 earnings per share. Analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

AON Company 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.