National Pension Service Acquires 13,912 Shares of Aon plc (NYSE:AON)

National Pension Service raised its position in Aon plc (NYSE:AON) by 4.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 349,161 shares of the financial services provider’s stock after acquiring an additional 13,912 shares during the period. National Pension Service owned about 0.16% of AON worth $139,347,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Portside Wealth Group LLC increased its position in shares of AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after purchasing an additional 9,302 shares during the last quarter. WCM Investment Management LLC grew its holdings in AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock valued at $809,544,000 after buying an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AON by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock valued at $11,183,000 after buying an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 1,544 shares during the period. Finally, Ninety One North America Inc. grew its holdings in shares of AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after purchasing an additional 2,932 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Piper Sandler increased their target price on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and raised their price objective for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Citigroup initiated coverage on AON in a research report on Wednesday. They set a “neutral” rating and a $402.00 price objective for the company. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $410.69.

AON Stock Up 1.9%

Shares of NYSE:AON opened at $370.88 on Thursday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market capitalization of $79.97 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.15 and a beta of 0.83. The stock has a 50 day moving average price of $357.55 and a 200-day moving average price of $370.68. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

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

AON Dividend Announcement

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

AON Company 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.