Norris Perne & French LLP MI Sells 95 Shares of Aon PLC (NYSE:AON)
Norris Perne & French LLP MI decreased its stake in Aon PLC (NYSE:AON) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665 shares of the financial services provider’s stock after selling 95 shares during the period. Norris Perne & French LLP MI’s holdings in AON were worth $321,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in AON by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 699,150 shares of the financial services provider’s stock worth $101,623,000 after acquiring an additional 40,993 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AON by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 2,880,464 shares of the financial services provider’s stock valued at $417,905,000 after buying an additional 266,133 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of AON by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,989 shares of the financial services provider’s stock valued at $1,888,000 after buying an additional 278 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of AON by 5.5% in the fourth quarter. Macquarie Group Ltd. now owns 106,618 shares of the financial services provider’s stock valued at $15,498,000 after buying an additional 5,580 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of AON by 2,277.7% in the fourth quarter. Advisory Services Network LLC now owns 2,449 shares of the financial services provider’s stock valued at $356,000 after buying an additional 2,346 shares in the last quarter. Institutional investors own 84.65% of the company’s stock.
AON has been the subject of a number of analyst reports. UBS Group set a €36.00 ($41.86) price target on shares of Siemens Healthineers and gave the company a “neutral” rating in a research report on Monday. MKM Partners upgraded shares of AON to a “buy” rating and lifted their price target for the company from $210.00 to $225.00 in a research report on Monday, June 24th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Morgan Stanley dropped their price target on shares of Tesla to $230.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target for the company. in a research report on Friday, June 14th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $185.91.
NYSE:AON traded down $2.72 during mid-day trading on Tuesday, reaching $193.07. The stock had a trading volume of 11,930 shares, compared to its average volume of 635,201. The business has a 50-day simple moving average of $194.28. The stock has a market capitalization of $46.80 billion, a PE ratio of 23.81, a PEG ratio of 1.75 and a beta of 0.89. The company has a quick ratio of 2.09, a current ratio of 1.83 and a debt-to-equity ratio of 1.72. Aon PLC has a 12 month low of $135.30 and a 12 month high of $198.61.
AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. AON had a net margin of 13.14% and a return on equity of 48.75%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.71 earnings per share. Sell-side analysts expect that Aon PLC will post 9.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a yield of 0.91%. AON’s dividend payout ratio (DPR) is 21.57%.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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