Aon plc $AON Shares Bought by National Pension Service

National Pension Service grew its stake in Aon plc (NYSE:AON) by 19.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 416,461 shares of the financial services provider’s stock after acquiring an additional 67,300 shares during the period. National Pension Service owned about 0.19% of AON worth $148,577,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Polen Capital Management LLC boosted its holdings in AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after acquiring an additional 2,288,397 shares during the period. Nuveen LLC acquired a new position in shares of AON in the 1st quarter valued at $505,108,000. Wellington Management Group LLP purchased a new stake in AON in the first quarter valued at $490,634,000. Bank of New York Mellon Corp grew its holdings in shares of AON by 15.6% during the second 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 purchasing an additional 473,594 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of AON by 276.0% during the second quarter. Vontobel Holding Ltd. now owns 460,971 shares of the financial services provider’s stock worth $164,456,000 after purchasing an additional 338,373 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and raised their target price for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Roth Capital reaffirmed a “buy” rating and set a $390.00 price objective on shares of AON in a report on Tuesday, November 4th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Weiss Ratings cut AON from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Finally, Piper Sandler lifted their price objective on 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 Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $419.13.

AON Price Performance

Shares of AON stock opened at $350.17 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The firm has a market capitalization of $75.26 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.92 and a beta of 0.86. The firm’s 50 day moving average is $352.72 and its 200-day moving average is $357.57.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business posted $2.72 earnings per share. AON’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal 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. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio is presently 23.88%.

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.