Aon plc $AON Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its holdings in shares of Aon plc (NYSE:AON) by 54.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 387,013 shares of the financial services provider’s stock after selling 459,702 shares during the quarter. Balyasny Asset Management L.P. owned about 0.18% of AON worth $136,569,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sound View Wealth Advisors Group LLC boosted its holdings in shares of AON by 1.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 29 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of AON by 2.1% during the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 32 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of AON by 5.6% during the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 33 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in AON by 1.8% in the fourth quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in AON by 39.3% in the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AON shares. Wells Fargo & Company reduced their target price on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Piper Sandler reduced their target price on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a report on Monday. Keefe, Bruyette & Woods reduced their target price on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Barclays reduced their target price on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $394.94.

AON Trading Down 1.3%

Shares of AON opened at $327.00 on Thursday. The stock’s 50-day moving average is $322.99 and its two-hundred day moving average is $332.11. The stock has a market cap of $69.84 billion, a PE ratio of 17.95, a P/E/G ratio of 1.74 and a beta of 0.71. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.67 earnings per share. Equities analysts forecast that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. AON’s dividend payout ratio is presently 18.00%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.