WCM Investment Management LLC lowered its holdings in Aon plc (NYSE:AON - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,045,778 shares of the financial services provider's stock after selling 1,439,806 shares during the period. AON comprises 1.7% of WCM Investment Management LLC's holdings, making the stock its 22nd largest position. WCM Investment Management LLC owned approximately 0.95% of AON worth $732,327,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the third quarter valued at $336,375,000. Vontobel Holding Ltd. raised its stake in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock valued at $33,326,000 after buying an additional 57,847 shares during the period. State Street Corp raised its stake in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock valued at $3,059,977,000 after buying an additional 32,417 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider's stock valued at $57,345,000 after purchasing an additional 20,084 shares during the period. Finally, Retireful LLC bought a new stake in shares of AON during the 3rd quarter valued at $759,000. Hedge funds and other institutional investors own 86.14% of the company's stock.
In related news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company's stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
AON opened at $386.68 on Friday. The stock has a 50-day moving average price of $365.32 and a 200-day moving average price of $356.60. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $83.63 billion, a P/E ratio of 30.54, a PEG ratio of 2.09 and a beta of 0.93.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the company posted $3.89 earnings per share. Equities analysts predict that Aon plc will post 17.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Monday, February 3rd. AON's dividend payout ratio is presently 21.33%.
A number of analysts recently issued reports on the company. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, AON has an average rating of "Hold" and an average price target of $386.21.
Check Out Our Latest Research Report on AON
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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