Cryder Capital Partners LLP Makes New $82.52 Million Investment in Aon plc $AON

Cryder Capital Partners LLP purchased a new position in Aon plc (NYSE:AON) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 231,314 shares of the financial services provider’s stock, valued at approximately $82,524,000. AON comprises approximately 4.6% of Cryder Capital Partners LLP’s holdings, making the stock its 10th biggest position.

Other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON during the first quarter valued at approximately $28,000. Saudi Central Bank bought a new position in AON during the 1st quarter valued at approximately $31,000. Pinnacle Bancorp Inc. increased its position in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in AON during the 2nd quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC increased its position in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Wells Fargo & Company reduced their price objective on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Wolfe Research assumed coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, TD Cowen reduced their price target on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Performance

Shares of AON stock opened at $337.58 on Monday. The company has a 50 day moving average price of $360.70 and a 200-day moving average price of $360.10. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a market capitalization of $72.79 billion, a PE ratio of 28.27, a P/E/G ratio of 1.99 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.

AON (NYSE:AON) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping 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 business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is presently 24.96%.

About AON

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.