Aon plc $AON Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in Aon plc (NYSE:AON) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,444 shares of the financial services provider’s stock after buying an additional 335 shares during the period. DekaBank Deutsche Girozentrale owned about 0.13% of AON worth $97,003,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC grew its holdings in shares of AON by 0.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 28 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 30 shares during the last quarter. Sunflower Bank N.A. grew its holdings in shares of AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 30 shares during the last quarter. Finally, MBL Wealth LLC grew its holdings in shares of AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. Piper Sandler raised their price objective on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. TD Cowen lowered their price target on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Evercore ISI raised their price target on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Citigroup began coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $420.00.

AON Price Performance

Shares of AON opened at $344.30 on Tuesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock’s 50 day moving average is $362.79 and its two-hundred day moving average is $360.75. The firm has a market capitalization of $74.24 billion, a PE ratio of 28.84, a P/E/G ratio of 2.04 and a beta of 0.89. 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 announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous 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 anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a $0.745 dividend. 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 payout ratio is currently 24.96%.

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.