IFC Advisors LLC Has $466,000 Holdings in Aon plc (NYSE:AON)

by · The Cerbat Gem

IFC Advisors LLC cut its holdings in shares of Aon plc (NYSE:AON – Free Report) by 9.1% in the first quarter, HoldingsChannel reports. The fund owned 1,168 shares of the financial services provider’s stock after selling 117 shares during the quarter. IFC Advisors LLC’s holdings in AON were worth $466,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the 1st quarter valued at about $28,000. Millstone Evans Group LLC acquired a new stake in shares of AON during the 4th quarter valued at about $32,000. Tsfg LLC acquired a new stake in shares of AON during the 1st quarter valued at about $37,000. Garde Capital Inc. acquired a new stake in shares of AON during the 1st quarter valued at about $42,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of AON during the 4th quarter valued at about $55,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AON shares. Barclays cut their price objective on AON from $415.00 to $401.00 and set an “overweight” rating on the stock in a research note on Monday, July 7th. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company raised their price objective on AON from $436.00 to $438.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $403.00.

Get Our Latest Stock Report on AON

AON Stock Performance

Shares of NYSE AON opened at $355.85 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $358.19 and its two-hundred day moving average is $370.60. The company has a market cap of $76.84 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.14 and a beta of 0.84. Aon plc has a 12 month low of $295.79 and a 12 month high of $412.97.

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

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON’s dividend payout ratio is presently 25.38%.

AON 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.

See Also

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