Dynamic Technology Lab Private Ltd Purchases Shares of 4,425 Aon plc $AON

Dynamic Technology Lab Private Ltd bought a new position in shares of Aon plc (NYSE:AON) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,425 shares of the financial services provider’s stock, valued at approximately $1,766,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Portside Wealth Group LLC lifted its position in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after purchasing an additional 9,302 shares in the last quarter. WCM Investment Management LLC raised its position in AON by 0.3% in 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in 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 buying an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC boosted its position in AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock valued at $761,000 after buying an additional 1,544 shares during the last quarter. Finally, Ninety One North America Inc. increased its stake in shares of AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock valued at $2,986,000 after buying an additional 2,932 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $370.06 on Friday. The stock has a market cap of $79.80 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87. The stock has a 50-day moving average of $362.56 and a 200-day moving average of $369.24. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) 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 quarter in the previous year, the company earned $2.93 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

AON has been the topic of several research reports. The Goldman Sachs Group raised AON from a “neutral” rating to a “buy” rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. Morgan Stanley restated a “cautious” rating on shares of AON in a research report on Monday, August 18th. Evercore ISI lifted their price target on shares of AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Barclays reissued an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.