Nordwand Advisors LLC Buys New Stake in Aon plc $AON

Nordwand Advisors LLC purchased a new stake in Aon plc (NYSE:AON) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,585 shares of the financial services provider’s stock, valued at approximately $565,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AON by 1.3% in the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after buying an additional 258,699 shares during the period. Geode Capital Management LLC lifted its position in AON by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after acquiring an additional 173,722 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in AON by 15.6% in the 2nd 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 acquiring an additional 473,594 shares during the period. Polen Capital Management LLC grew its position in AON by 318.1% in the first 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 13.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after purchasing an additional 316,333 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $349.57 on Tuesday. 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 plc has a 1 year low of $323.73 and a 1 year high of $412.97. The firm’s 50-day simple moving average is $351.47 and its 200-day simple moving average is $357.62. The firm has a market cap of $75.13 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.72 EPS. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Citigroup raised shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective for the company in a research report on Monday, November 3rd. Wolfe Research started coverage on AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Evercore ISI increased their price target on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and an average price target of $419.13.

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.