Man Group plc Has $3.88 Million Stock Holdings in Aon plc (NYSE:AON)

Man Group plc trimmed its position in Aon plc (NYSE:AON) by 56.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,802 shares of the financial services provider’s stock after selling 13,915 shares during the quarter. Man Group plc’s holdings in AON were worth $3,880,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Nomura Holdings Inc. bought a new stake in shares of AON during the 4th quarter valued at $2,560,000. Nearwater Capital Markets Ltd bought a new stake in shares of AON during the 4th quarter valued at $14,366,000. Night Owl Capital Management LLC lifted its position in shares of AON by 4.7% during the 4th quarter. Night Owl Capital Management LLC now owns 152,650 shares of the financial services provider’s stock valued at $54,826,000 after acquiring an additional 6,900 shares during the period. NorthRock Partners LLC lifted its position in shares of AON by 274.7% during the 4th quarter. NorthRock Partners LLC now owns 3,646 shares of the financial services provider’s stock valued at $1,310,000 after acquiring an additional 2,673 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of AON by 32.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,025,667 shares of the financial services provider’s stock valued at $368,378,000 after acquiring an additional 248,707 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AON shares. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a research report on Tuesday, May 13th. Redburn Atlantic upgraded AON to a “hold” rating in a research report on Tuesday, March 25th. Barclays dropped their price objective on AON from $430.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price objective on AON in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, AON has a consensus rating of “Hold” and an average price target of $391.75.

AON Price Performance

AON stock opened at $357.91 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $77.29 billion, a PE ratio of 28.27, a P/E/G ratio of 2.12 and a beta of 0.89. Aon plc has a 12 month low of $275.07 and a 12 month high of $412.97. The stock has a 50-day moving average price of $370.87 and a two-hundred day moving average price of $374.96.

AON (NYSE:AON) last posted its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.66 earnings per share. Analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. This is a boost from AON’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. AON’s dividend payout ratio is presently 25.38%.

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.