Swedbank AB Acquires 1,140 Shares of Aon plc $AON

Swedbank AB increased its position in shares of Aon plc (NYSE:AON) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,012 shares of the financial services provider’s stock after acquiring an additional 1,140 shares during the period. Swedbank AB’s holdings in AON were worth $22,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in AON in the first quarter valued at approximately $28,000. Saudi Central Bank bought a new position in AON in the first quarter valued at approximately $31,000. HHM Wealth Advisors LLC increased its stake in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the last quarter. Tsfg LLC bought a new position in AON in the first quarter valued at approximately $37,000. Finally, Accent Capital Management LLC bought a new position in AON in the first quarter valued at approximately $40,000. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.0%

AON opened at $372.12 on Friday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a fifty day moving average of $363.89 and a 200-day moving average of $368.34. The stock has a market cap of $80.24 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

AON (NYSE:AON) last posted its quarterly earnings data 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. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the company posted $2.93 earnings per share. AON’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on shares of AON from $411.00 to $421.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and increased their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Citigroup began coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective for the company. Piper Sandler increased their price objective on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Barclays reissued an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $415.50.

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.