Aon plc $AON Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Aon plc (NYSE:AON) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,365 shares of the financial services provider’s stock after selling 15,520 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $21,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Wealth Watch Advisors INC bought a new stake in shares of AON during the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $30,000. Strive Asset Management LLC bought a new stake in shares of AON during the third quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of AON during the third quarter valued at approximately $37,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AON shares. TD Cowen reaffirmed a “buy” rating on shares of AON in a report on Monday, March 16th. Mizuho cut their price target on AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Piper Sandler lifted their price target on AON from $355.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Wells Fargo & Company cut their price target on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Barclays cut their price target on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and an average price target of $396.81.

AON Price Performance

NYSE AON opened at $328.85 on Friday. The stock has a market capitalization of $70.24 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.69 and a beta of 0.71. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The business’s fifty day moving average is $321.49 and its two-hundred day moving average is $333.17. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95.

AON (NYSE:AON) last posted its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.67 earnings per share. On average, research analysts forecast that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.82 dividend. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s dividend payout ratio is currently 16.36%.

About AON

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.