Forsta AP Fonden Grows Stock Holdings in Aon plc (NYSE:AON)

Forsta AP Fonden boosted its position in shares of Aon plc (NYSE:AON) by 4.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 41,400 shares of the financial services provider’s stock after purchasing an additional 1,600 shares during the quarter. Forsta AP Fonden’s holdings in AON were worth $16,522,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in AON in the 1st quarter worth approximately $28,000. HHM Wealth Advisors LLC raised its holdings in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the last quarter. Tsfg LLC purchased a new position in AON in the 1st quarter worth approximately $37,000. Accent Capital Management LLC purchased a new position in AON in the 1st quarter worth approximately $40,000. Finally, Garde Capital Inc. purchased a new position in AON in the 1st quarter worth approximately $42,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AON. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a report on Tuesday, May 13th. Evercore ISI lifted their target price on shares of AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Barclays reaffirmed an “overweight” rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Finally, Piper Sandler lifted their target price on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $409.21.

AON Trading Up 0.4%

Shares of AON stock opened at $366.39 on Friday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The firm has a fifty day moving average price of $357.97 and a 200-day moving average price of $370.66. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $79.00 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.16 and a beta of 0.83.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.745 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s dividend payout ratio is currently 24.96%.

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.