Aon plc (NYSE:AON) Stock Holdings Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in shares of Aon plc (NYSE:AON) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,918,201 shares of the financial services provider’s stock after selling 542,261 shares during the period. Mackenzie Financial Corp’s holdings in AON were worth $563,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. Gryphon Financial Partners LLC grew its position in shares of AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after acquiring an additional 2,989 shares in the last quarter. California State Teachers Retirement System boosted its holdings in AON by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock worth $96,549,000 after purchasing an additional 4,843 shares during the period. Radnor Capital Management LLC raised its holdings in shares of AON by 203.6% during the first quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares during the period. Y.D. More Investments Ltd bought a new position in shares of AON in the 2nd quarter worth about $31,000. Finally, Norden Group LLC acquired a new position in shares of AON in the 1st quarter valued at about $2,044,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AON has been the topic of a number of recent research reports. Barclays began coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 target price on shares of AON in a research report on Monday, August 5th. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $337.27.

AON Stock Up 0.1 %

Shares of NYSE:AON opened at $347.16 on Friday. The firm has a 50 day simple moving average of $334.65 and a 200 day simple moving average of $312.28. 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 plc has a 52 week low of $268.06 and a 52 week high of $353.54. The company has a market cap of $75.42 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly 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). The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS. As a group, research analysts expect that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

About AON

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.