Nomura Asset Management Co. Ltd. Has $62.33 Million Holdings in Aon plc $AON

Nomura Asset Management Co. Ltd. raised its stake in Aon plc (NYSE:AON) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,704 shares of the financial services provider’s stock after purchasing an additional 760 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.08% of AON worth $62,327,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Saudi Central Bank acquired a new stake in AON during the first quarter worth about $31,000. HHM Wealth Advisors LLC lifted its position in shares of 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 period. Atlantic Union Bankshares Corp acquired a new stake in shares of AON during the 2nd quarter worth approximately $31,000. Trust Co. of Toledo NA OH acquired a new position in shares of AON in the second quarter valued at $32,000. Finally, Pinnacle Bancorp Inc. lifted its position in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.2%

Shares of NYSE AON opened at $349.57 on Tuesday. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The company has a 50-day moving average of $351.47 and a two-hundred day moving average of $357.62. The company has a market cap of $75.13 billion, a PE ratio of 29.28, a P/E/G ratio of 1.92 and a beta of 0.86. 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 (NYSE:AON) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.72 earnings per share. As a group, equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio (DPR) is presently 23.88%.

Analysts Set New Price Targets

AON has been the topic of a number of analyst reports. Evercore ISI upped their target price on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. cut their target price on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research report on Thursday. Finally, Citigroup raised AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $419.13.

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.