Aon plc $AON Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd grew its stake in Aon plc (NYSE:AON) by 96.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 114,062 shares of the financial services provider’s stock after buying an additional 56,113 shares during the quarter. Ninety One UK Ltd owned 0.05% of AON worth $40,672,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC acquired a new position in AON during the 3rd quarter worth approximately $29,000. Atlantic Union Bankshares Corp purchased a new stake in shares of AON during the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new position in shares of AON during the second quarter worth $32,000. Pinnacle Bancorp Inc. increased its holdings in AON by 56.9% in the second 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 during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in AON in the second quarter valued at $37,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AON. UBS Group dropped their price objective on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Keefe, Bruyette & Woods dropped their price target on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Evercore ISI boosted their price objective on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and issued a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. Finally, TD Cowen cut their price target on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, AON has a consensus rating of “Moderate Buy” and an average price target of $413.18.

AON Stock Performance

Shares of AON stock opened at $353.08 on Thursday. The firm’s fifty day simple moving average is $347.22 and its 200-day simple moving average is $355.41. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock has a market capitalization of $75.89 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. AON’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.72 EPS. As a group, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is 23.88%.

AON 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.