Metis Global Partners LLC Has $3.79 Million Stock Holdings in Aon plc $AON

Metis Global Partners LLC lowered its stake in Aon plc (NYSE:AON) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,634 shares of the financial services provider’s stock after selling 677 shares during the period. Metis Global Partners LLC’s holdings in AON were worth $3,794,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AON. Vestmark Advisory Solutions Inc. grew its position in AON by 29.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 11,543 shares of the financial services provider’s stock worth $4,118,000 after acquiring an additional 2,618 shares during the last quarter. Savant Capital LLC boosted its stake in shares of AON by 0.9% during the second quarter. Savant Capital LLC now owns 11,580 shares of the financial services provider’s stock valued at $4,131,000 after purchasing an additional 102 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of AON by 5.7% during the second quarter. Modera Wealth Management LLC now owns 13,272 shares of the financial services provider’s stock worth $4,735,000 after purchasing an additional 714 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in shares of AON in the second quarter valued at approximately $840,000. Finally, Yacktman Asset Management LP boosted its position in AON by 10.7% during the 2nd quarter. Yacktman Asset Management LP now owns 12,915 shares of the financial services provider’s stock worth $4,608,000 after buying an additional 1,245 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AON shares. Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Keefe, Bruyette & Woods cut their target price on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and raised their price target for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $421.07.

AON Trading Up 1.8%

Shares of AON stock opened at $346.10 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a 50 day simple moving average of $354.08 and a two-hundred day simple moving average of $357.74. The company has a market cap of $74.39 billion, a P/E ratio of 28.99, a PEG ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the firm posted $2.72 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio is currently 23.88%.

About 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.