Fiduciary Group LLC Trims Stake in Aon plc (NYSE:AON)

Fiduciary Group LLC reduced its position in Aon plc (NYSE:AONGet Rating) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 30,771 shares of the financial services provider’s stock after selling 282 shares during the period. AON accounts for about 1.1% of Fiduciary Group LLC’s holdings, making the stock its 26th biggest holding. Fiduciary Group LLC’s holdings in AON were worth $9,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Vanguard Group Inc. raised its stake in shares of AON by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 17,897,636 shares of the financial services provider’s stock worth $5,828,008,000 after buying an additional 1,172,671 shares in the last quarter. Capital World Investors grew its holdings in AON by 102.9% during the 1st quarter. Capital World Investors now owns 8,942,963 shares of the financial services provider’s stock valued at $2,912,097,000 after buying an additional 4,535,747 shares during the last quarter. Mackenzie Financial Corp grew its holdings in AON by 2.1% during the 2nd quarter. Mackenzie Financial Corp now owns 2,515,718 shares of the financial services provider’s stock valued at $678,439,000 after buying an additional 51,597 shares during the last quarter. Invesco Ltd. lifted its stake in shares of AON by 9.2% during the 1st quarter. Invesco Ltd. now owns 1,601,088 shares of the financial services provider’s stock worth $521,364,000 after purchasing an additional 134,256 shares during the period. Finally, Viking Global Investors LP lifted its stake in shares of AON by 5.5% during the 1st quarter. Viking Global Investors LP now owns 1,593,080 shares of the financial services provider’s stock worth $518,755,000 after purchasing an additional 82,563 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AON has been the topic of several research reports. TheStreet lowered AON from a “b” rating to a “c+” rating in a research report on Friday, July 29th. Raymond James cut AON from a “market perform” rating to an “underperform” rating in a report on Monday, October 31st. Morgan Stanley lifted their price target on shares of AON from $250.00 to $255.00 and gave the stock an “underweight” rating in a research report on Tuesday. StockNews.com assumed coverage on shares of AON in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of AON from $302.00 to $304.00 and gave the company an “equal weight” rating in a research note on Monday, October 31st. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $291.00.

AON Price Performance

AON stock traded up $0.45 during mid-day trading on Thursday, hitting $304.24. The stock had a trading volume of 493,140 shares, compared to its average volume of 785,511. The firm has a market capitalization of $62.93 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.13 and a beta of 0.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 12.27. The firm has a fifty day simple moving average of $281.99 and a 200 day simple moving average of $278.90. Aon plc has a 52 week low of $246.21 and a 52 week high of $341.98.

AON (NYSE:AONGet Rating) last issued its quarterly earnings results on Friday, October 28th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.01. AON had a net margin of 22.49% and a return on equity of 445.81%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts forecast that Aon plc will post 13.13 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were given a dividend of $0.56 per share. The ex-dividend date was Monday, October 31st. This represents a $2.24 annualized dividend and a yield of 0.74%. AON’s payout ratio is currently 17.39%.

About AON

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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