Aon plc (NYSE:AON) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lowered its stake in shares of Aon plc (NYSE:AON) by 25.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,335 shares of the financial services provider’s stock after selling 37,370 shares during the quarter. APG Asset Management N.V. owned approximately 0.05% of AON worth $30,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Point72 Europe London LLP acquired a new stake in shares of AON in the 2nd quarter worth about $4,903,000. Squarepoint Ops LLC grew its position in AON by 158.0% in the 2nd quarter. Squarepoint Ops LLC now owns 224,571 shares of the financial services provider’s stock worth $65,930,000 after purchasing an additional 137,543 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of AON by 38.2% in the second quarter. Insigneo Advisory Services LLC now owns 1,117 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 309 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of AON by 58.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,020 shares of the financial services provider’s stock valued at $11,162,000 after buying an additional 14,040 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC grew its holdings in AON by 23.4% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 811 shares of the financial services provider’s stock worth $238,000 after buying an additional 154 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AON. Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 price target on shares of AON in a research report on Monday, August 5th. Piper Sandler upped their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Morgan Stanley lowered their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company upped their price target on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Finally, Barclays began coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and an average target price of $337.27.

AON Price Performance

NYSE AON opened at $347.67 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $353.54. The stock’s 50-day moving average price is $335.67 and its two-hundred day moving average price is $312.49. The company has a market cap of $75.53 billion, a PE ratio of 27.25, a PEG ratio of 2.24 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

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

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. AON’s payout ratio is presently 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.