Aon plc $AON Shares Acquired by Swedbank AB

Swedbank AB grew its position in Aon plc (NYSE:AON) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,409 shares of the financial services provider’s stock after purchasing an additional 4,493 shares during the period. Swedbank AB’s holdings in AON were worth $30,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AON. Westside Investment Management Inc. lifted its stake in shares of AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in AON during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in AON during the 4th quarter worth approximately $30,000. Strive Asset Management LLC acquired a new position in AON during the 3rd quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in AON during the 3rd quarter worth approximately $37,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on AON shares. Morgan Stanley reduced their price target on AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company dropped their price objective on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Citigroup lifted their price objective on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $398.00 to $397.00 in a research report on Friday, February 27th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $396.00.

AON Price Performance

Shares of NYSE AON opened at $324.73 on Monday. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The business has a 50 day simple moving average of $321.84 and a 200-day simple moving average of $334.91.

AON (NYSE:AON) last issued its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $5.67 EPS. As a group, equities research analysts expect that Aon plc will post 19.07 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.82 per share. This is a positive change from AON’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s dividend payout ratio (DPR) is currently 16.36%.

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.