Swedbank AB Purchases 24,429 Shares of Aon plc $AON

Swedbank AB raised its holdings in shares of Aon plc (NYSE:AON) by 41.8% during the third quarter, Holdings Channel.com reports. The fund owned 82,916 shares of the financial services provider’s stock after buying an additional 24,429 shares during the period. Swedbank AB’s holdings in AON were worth $29,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AON. Silver Lake Advisory LLC purchased a new position in AON during the third quarter valued at $1,292,000. Peak Financial Advisors LLC bought a new position in shares of AON during the 2nd quarter valued at about $2,464,000. Nordea Investment Management AB grew its position in shares of AON by 6.6% during the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after purchasing an additional 1,061 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of AON by 27.7% in the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after purchasing an additional 27,280 shares during the last quarter. Finally, Arrowroot Family Office LLC purchased a new stake in shares of AON in the second quarter worth about $541,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.2%

AON opened at $356.65 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $346.29 and its 200-day moving average price is $355.31. Aon plc has a one year low of $323.73 and a one year high of $412.97. The stock has a market cap of $76.65 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.04 and a beta of 0.84.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business earned $2.72 EPS. AON’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analysts Set New Price Targets

A number of research firms have issued reports on AON. Mizuho assumed coverage on AON in a research note on Monday, December 15th. They issued a “neutral” rating and a $389.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Morgan Stanley set a $400.00 price objective on shares of AON in a research note on Tuesday, December 16th. UBS Group decreased their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Keefe, Bruyette & Woods dropped their price target on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $413.18.

AON 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.