Voya Investment Management LLC Sells 117,888 Shares of Aon plc $AON

Voya Investment Management LLC lessened its position in shares of Aon plc (NYSE:AON) by 17.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 560,753 shares of the financial services provider’s stock after selling 117,888 shares during the quarter. Voya Investment Management LLC owned approximately 0.26% of AON worth $199,953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of AON by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after purchasing an additional 511,292 shares in the last quarter. Geode Capital Management LLC increased its position in shares of AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock valued at $1,987,961,000 after acquiring an additional 173,722 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AON by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AON by 13.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after acquiring an additional 316,333 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in AON by 1.9% during the second quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock valued at $776,326,000 after purchasing an additional 40,213 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $352.98 on Friday. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market capitalization of $75.87 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.01 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $346.26 and a two-hundred day simple moving average of $355.94.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business earned $2.72 EPS. AON’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research note on Monday. Wells Fargo & Company decreased their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Barclays restated an “equal weight” rating and issued a $379.00 target price (down previously from $420.00) on shares of AON in a research report on Thursday, November 20th. Evercore ISI lifted their price objective on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus target price of $413.18.

AON Profile

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.