Caisse DE Depot ET Placement DU Quebec Acquires 16,158 Shares of Aon plc $AON

Caisse DE Depot ET Placement DU Quebec lifted its position in Aon plc (NYSE:AON) by 1,019.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,743 shares of the financial services provider’s stock after purchasing an additional 16,158 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in AON were worth $7,081,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Portside Wealth Group LLC lifted its holdings in shares of AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock valued at $4,412,000 after purchasing an additional 9,302 shares during the last quarter. WCM Investment Management LLC grew its position in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after purchasing an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock worth $11,183,000 after acquiring an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. boosted its stake in shares of AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after acquiring an additional 2,932 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $368.61 on Thursday. The stock has a market cap of $79.48 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 2.19 and a beta of 0.83. The company has a fifty day simple moving average of $360.52 and a 200-day simple moving average of $370.26. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. 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 results 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 net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the company earned $2.93 earnings per share. AON’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.745 dividend. The ex-dividend date was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s payout ratio is currently 24.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AON. Citigroup initiated coverage on shares of AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price target on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Keefe, Bruyette & Woods dropped their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Evercore ISI lifted their target price on shares of AON from $411.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, AON currently has an average rating of “Moderate Buy” and an average target price of $412.69.

AON Profile

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.