Forte Capital LLC ADV Sells 61 Shares of Aon plc (NYSE:AON)

by · The Cerbat Gem

Forte Capital LLC ADV reduced its holdings in shares of Aon plc (NYSE:AONFree Report) by 5.6% in the first quarter, HoldingsChannel reports. The fund owned 1,028 shares of the financial services provider’s stock after selling 61 shares during the period. Forte Capital LLC ADV’s holdings in AON were worth $410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after acquiring an additional 88,361 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after buying an additional 627,742 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in AON by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after buying an additional 469,238 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock worth $824,498,000 after acquiring an additional 64,720 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of AON by 9.3% during the fourth quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider’s stock valued at $775,406,000 after acquiring an additional 183,442 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AON has been the subject of several research reports. Jefferies Financial Group lifted their target price on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their price target on AON from $414.00 to $409.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $403.00.

Check Out Our Latest Stock Analysis on AON

AON Price Performance

Shares of AON stock opened at $354.75 on Friday. Aon plc has a one year low of $295.79 and a one year high of $412.97. The company’s 50-day simple moving average is $358.01 and its two-hundred day simple moving average is $370.47. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $76.60 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.11 and a beta of 0.84.

AON (NYSE:AONGet Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.66 earnings per share. As a group, equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON’s dividend payout ratio (DPR) is currently 25.38%.

AON Company Profile

(Free Report)

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

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