Vontobel Holding Ltd. Has $317.12 Million Stake in Aon plc $AON

Vontobel Holding Ltd. boosted its position in Aon plc (NYSE:AON) by 92.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 889,332 shares of the financial services provider’s stock after purchasing an additional 428,361 shares during the period. Vontobel Holding Ltd. owned 0.41% of AON worth $317,118,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of AON in the first quarter valued at approximately $31,000. Heartwood Wealth Advisors LLC bought a new stake in AON during the 3rd quarter worth approximately $29,000. Atlantic Union Bankshares Corp acquired a new position in AON in the 2nd quarter valued at approximately $31,000. Trust Co. of Toledo NA OH bought a new position in shares of AON during the second quarter valued at $32,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of AON by 56.9% during 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. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a report on Monday. UBS Group decreased their price target on AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Wells Fargo & Company cut their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Barclays restated an “equal weight” rating and set a $379.00 price target (down previously from $420.00) on shares of AON in a report on Thursday, November 20th. Finally, Mizuho began coverage on shares of AON in a research note on Monday, December 15th. They issued a “neutral” rating and a $389.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and an average price target of $413.18.

AON Price Performance

Shares of AON opened at $355.90 on Wednesday. The firm has a market cap of $76.49 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The business’s 50 day moving average price is $346.01 and its two-hundred day moving average price is $355.29. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35.

AON (NYSE:AON) last released 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 15.96% and a return on equity of 48.88%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business posted $2.72 EPS. AON’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio is 23.88%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.