Aon plc (NYSE:AON) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in shares of Aon plc (NYSE:AON) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,729 shares of the financial services provider’s stock after selling 1,132 shares during the quarter. Gulf International Bank UK Ltd’s holdings in AON were worth $4,617,000 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 acquired a new position in AON in the 4th quarter worth $31,000. Rise Advisors LLC acquired a new position in AON in the 1st quarter worth $37,000. Turtle Creek Wealth Advisors LLC acquired a new position in AON in the 4th quarter worth $43,000. First United Bank & Trust acquired a new position in AON in the 4th quarter worth $44,000. Finally, LRI Investments LLC acquired a new position in AON in the 1st quarter worth $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AON shares. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised shares of 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. JPMorgan Chase & Co. boosted their target price 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. Bank of America downgraded shares of AON from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Finally, Citigroup started coverage on shares of AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $330.21.

Insider Transactions at AON

In other AON news, insider Andy Weitz 8,454 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.15% of the company’s stock.

AON Stock Performance

NYSE AON traded up $2.71 on Wednesday, hitting $326.11. The stock had a trading volume of 873,327 shares, compared to its average volume of 1,300,818. Aon plc has a one year low of $268.06 and a one year high of $344.68. The company has a quick ratio of 4.13, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 2.11 and a beta of 0.91. The company’s 50-day moving average is $299.51 and its two-hundred day moving average is $303.97.

AON (NYSE:AON) last posted its earnings results 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). AON had a return on equity of 252.81% and a net margin of 18.00%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the company posted $2.76 EPS. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts expect that Aon plc will post 15.31 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

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.