Aon plc (NYSE:AON) Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 51.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,463 shares of the financial services provider's stock after selling 49,315 shares during the period. Swedbank AB's holdings in AON were worth $16,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Vanguard Group Inc. boosted its stake in shares of AON by 0.4% in the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider's stock worth $5,894,053,000 after acquiring an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider's stock worth $3,685,183,000 after buying an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of AON by 1.2% in the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider's stock valued at $1,293,449,000 after buying an additional 52,099 shares during the last quarter. Sustainable Growth Advisers LP boosted its position in AON by 4.7% during the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider's stock worth $936,151,000 after acquiring an additional 127,173 shares during the last quarter. Finally, Independent Franchise Partners LLP grew its stake in AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider's stock valued at $707,390,000 after acquiring an additional 49,161 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AON shares. Wells Fargo & Company boosted their target price on AON from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Thursday, October 10th. Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of AON from $353.00 to $379.00 and gave the stock an "overweight" rating in a research report on Thursday, July 11th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Finally, Barclays assumed coverage on shares of AON in a research report on Wednesday, September 4th. They set an "overweight" rating and a $394.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AON presently has an average rating of "Hold" and an average price target of $347.06.

AON Stock Down 0.2 %

Shares of NYSE AON traded down $0.70 during midday trading on Friday, hitting $358.05. The company's stock had a trading volume of 1,529,005 shares, compared to its average volume of 1,184,108. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The firm has a market capitalization of $77.78 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The business's fifty day simple moving average is $345.37 and its two-hundred day simple moving average is $315.11. Aon plc has a 1 year low of $268.06 and a 1 year high of $363.46.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results 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 business 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 business's revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.76 EPS. On average, equities analysts predict that Aon plc will post 15.22 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 1st. AON's payout ratio is presently 21.58%.

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.