Independent Franchise Partners LLP Has $528.33 Million Holdings in Aon plc $AON

Independent Franchise Partners LLP reduced its stake in Aon plc by 6.5% in Q2, holding $528.33 million worth of shares. Aon is the firm's 18th largest holding. Analysts have mixed ratings on Aon, with a consensus target price of $416.56. Aon's Q3 earnings beat estimates with $3.05 EPS and $4 billion revenue. The company announced a quarterly dividend of $0.745 per share.

Independent Franchise Partners LLP decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,480,916 shares of the financial services provider's stock after selling 102,305 shares during the quarter. AON makes up approximately 3.5% of Independent Franchise Partners LLP's holdings, making the stock its 18th largest holding. Independent Franchise Partners LLP owned about 0.69% of AON worth $528,332,000 as of its most recent filing with the SEC.

Buffett's latest portfolio additions, trims and cuts in Q3

Several other institutional investors also recently modified their holdings of the business. Saudi Central Bank bought a new stake in shares of AON in the 1st quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new position in AON during the 2nd quarter worth about $31,000. Trust Co. of Toledo NA OH bought a new stake in shares of AON in the second quarter valued at about $32,000. Pinnacle Bancorp Inc. raised its position in AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after buying an additional 33 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of AON during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. UBS Group decreased their price objective on AON from $400.00 to $390.00 and set a "neutral" rating for the company in a report on Monday, November 10th. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Evercore ISI increased their price target on AON from $427.00 to $435.00 and gave the company an "outperform" rating in a research note on Monday, November 3rd. Roth Capital reaffirmed a "buy" rating and set a $390.00 price objective on shares of AON in a research report on Tuesday, November 4th. Finally, Wolfe Research initiated coverage on shares of AON in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, AON currently has an average rating of "Moderate Buy" and a consensus target price of $416.56.

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Read Our Latest Analysis on AON

AON Stock Performance

AON opened at $345.84 on Wednesday. The firm has a market cap of $74.33 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 2.00 and a beta of 0.84. The business's fifty day moving average is $349.01 and its 200-day moving average is $357.02. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm earned $2.72 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON's payout ratio is presently 23.88%.

AON Profile

(Free Report)

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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