Ninety One UK Ltd Has $20.67 Million Stake in Aon plc $AON

Ninety One UK Ltd lowered its stake in shares of Aon plc (NYSE:AON) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,949 shares of the financial services provider’s stock after selling 1,473 shares during the period. Ninety One UK Ltd’s holdings in AON were worth $20,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in AON in the 1st quarter valued at $693,000. Merit Financial Group LLC grew its holdings in shares of AON by 22.4% during the first quarter. Merit Financial Group LLC now owns 4,210 shares of the financial services provider’s stock valued at $1,680,000 after buying an additional 771 shares during the last quarter. Apella Capital LLC bought a new stake in shares of AON during the first quarter worth about $288,000. Amplius Wealth Advisors LLC lifted its position in AON by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 1,354 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 47 shares in the last quarter. Finally, Matrix Trust Co increased its holdings in AON by 38.3% during the 1st quarter. Matrix Trust Co now owns 368 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 102 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AON shares. Barclays reiterated an “overweight” rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and increased their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Wolfe Research began coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. TD Cowen reduced their target price on AON from $427.00 to $419.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus target price of $415.06.

AON Price Performance

Shares of NYSE:AON opened at $359.87 on Thursday. The firm has a market capitalization of $77.60 billion, a PE ratio of 30.14, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a 50-day moving average price of $363.88 and a two-hundred day moving average price of $364.39. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97.

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 the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 earnings per share. Equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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

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.