Aon plc (NYSE:AON) is Financiere des Professionnels Fonds d investissement inc.'s 8th Largest Position

Financiere des Professionnels Fonds d investissement inc. boosted its holdings in Aon plc (NYSE:AON - Free Report) by 12.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,537 shares of the financial services provider's stock after buying an additional 6,812 shares during the period. AON makes up about 1.7% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 8th biggest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in AON were worth $21,204,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AON. BKM Wealth Management LLC acquired a new position in AON in the fourth quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in AON in the fourth quarter valued at approximately $31,000. Rise Advisors LLC bought a new stake in AON in the first quarter valued at approximately $37,000. Bruce G. Allen Investments LLC bought a new stake in AON in the fourth quarter valued at approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in AON in the fourth quarter valued at approximately $43,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AON has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of AON from $300.00 to $289.00 and set an "underweight" rating for the company in a research note on Monday, April 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $315.00 target price on shares of AON in a research note on Tuesday. Piper Sandler lowered their price objective on shares of AON from $326.00 to $312.00 and set a "neutral" rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $311.00 price objective on shares of AON in a research report on Tuesday, May 28th. Finally, Bank of America downgraded shares of AON from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $321.86.

Insider Activity

In other news, Director Lester B. Knight bought 10,000 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the transaction, the director now owns 139,000 shares of the company's stock, valued at $38,448,790. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by company insiders.

AON Stock Performance

AON traded up $0.87 during trading on Friday, reaching $297.46. 5,510,706 shares of the stock were exchanged, compared to its average volume of 1,441,442. The stock has a market cap of $64.68 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.91. The stock's 50 day moving average price is $290.97 and its two-hundred day moving average price is $303.72. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm posted $5.17 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a $0.675 dividend. This is an increase from AON's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.70 annualized dividend and a dividend yield of 0.91%. AON's dividend payout ratio is presently 21.16%.

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.