Aon plc (NYSE:AON) Shares Sold by Barings LLC

Barings LLC trimmed its stake in shares of Aon plc (NYSE:AON) by 48.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,537 shares of the financial services provider’s stock after selling 5,301 shares during the quarter. Barings LLC’s holdings in AON were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of AON in the fourth quarter valued at $31,000. Y.D. More Investments Ltd bought a new stake in shares of AON in the second quarter valued at approximately $31,000. Rise Advisors LLC bought a new stake in AON in the 1st quarter valued at $37,000. Bruce G. Allen Investments LLC increased its holdings in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of AON during the first quarter valued at about $55,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of NYSE:AON opened at $344.80 on Thursday. The company’s 50-day moving average is $323.41 and its 200 day moving average is $309.78. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $352.49. The company has a market capitalization of $74.97 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.

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

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given 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 payout ratio is currently 21.16%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AON shares. Barclays initiated coverage on shares of AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Citigroup started coverage on AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price target on shares of AON in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, Piper Sandler raised their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $337.27.

AON 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.