Securian Asset Management Inc. Has $4.03 Million Stock Position in Aon plc $AON

Securian Asset Management Inc. trimmed its holdings in shares of Aon plc (NYSE:AON) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,281 shares of the financial services provider’s stock after selling 128 shares during the period. Securian Asset Management Inc.’s holdings in AON were worth $4,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AON. WCM Investment Management LLC increased its position 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 worth $809,544,000 after purchasing an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position 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 worth $11,183,000 after purchasing an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 1,544 shares during the last quarter. Ninety One North America Inc. increased its position in AON by 64.4% in 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 during the last quarter. Finally, Peak Financial Advisors LLC acquired a new position in AON in the 2nd quarter worth about $2,464,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AON shares. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Piper Sandler upped their target price on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Evercore ISI increased their price objective on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, Barclays reissued an “overweight” rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

AON Price Performance

Shares of NYSE:AON opened at $343.36 on Wednesday. The business has a 50 day moving average price of $362.37 and a 200 day moving average price of $360.63. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a market cap of $74.04 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.02 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.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 prior year, the company earned $2.93 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is presently 24.96%.

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.