AQR Capital Management LLC Decreases Stock Position in Aon plc (NYSE:AON)

AQR Capital Management LLC cut its stake in shares of Aon plc (NYSE:AON) by 37.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,786 shares of the financial services provider’s stock after selling 32,875 shares during the quarter. AQR Capital Management LLC’s holdings in AON were worth $16,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. CWA Asset Management Group LLC increased its stake in shares of AON by 4.3% in the fourth quarter. CWA Asset Management Group LLC now owns 1,025 shares of the financial services provider’s stock worth $298,000 after buying an additional 42 shares during the period. NEOS Investment Management LLC raised its stake in shares of AON by 27.5% during the fourth quarter. NEOS Investment Management LLC now owns 2,844 shares of the financial services provider’s stock valued at $828,000 after acquiring an additional 614 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of AON by 8.1% in the fourth quarter. Belpointe Asset Management LLC now owns 956 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 72 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in AON during the 4th quarter valued at about $317,000. Finally, Capital International Investors raised its position in AON by 0.4% during the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock valued at $1,607,519,000 after purchasing an additional 22,346 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.7 %

Shares of AON stock opened at $348.51 on Wednesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $353.54. The firm has a fifty day moving average price of $337.61 and a 200-day moving average price of $312.77. The company has a market cap of $75.71 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.24 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

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 the consensus estimate of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. As a group, equities analysts predict that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio (DPR) is 21.16%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AON. JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. Morgan Stanley decreased their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Company 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.