Aon plc $AON Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its stake in shares of Aon plc (NYSE:AON) by 143.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,319 shares of the financial services provider’s stock after purchasing an additional 2,543 shares during the period. Banque Cantonale Vaudoise’s holdings in AON were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new position in shares of AON during the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of AON in the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of AON during the fourth quarter worth approximately $29,000. Eagle Bay Advisors LLC acquired a new position in AON in the 4th quarter valued at $30,000. Finally, Strive Asset Management LLC purchased a new position in AON in the 3rd quarter valued at $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AON. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Piper Sandler lowered their price target on shares of AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. TD Cowen reissued a “buy” rating on shares of AON in a research note on Monday, March 16th. Finally, Citigroup boosted their target price on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus price target of $394.94.

AON Stock Up 3.9%

Shares of AON opened at $328.40 on Friday. The stock has a market capitalization of $70.14 billion, a PE ratio of 18.02, a P/E/G ratio of 1.66 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 company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The company’s 50-day simple moving average is $322.53 and its 200-day simple moving average is $330.87.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.67 earnings per share. Analysts forecast that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.82 per share. This is an increase from AON’s previous quarterly dividend of $0.74. This represents a $3.28 dividend on an annualized basis 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 18.00%.

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.