Fiera Capital Corp Buys 68,409 Shares of Aon plc $AON

Fiera Capital Corp grew its stake in Aon plc (NYSE:AON) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 521,804 shares of the financial services provider’s stock after acquiring an additional 68,409 shares during the quarter. Fiera Capital Corp owned 0.24% of AON worth $186,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey boosted its stake in AON by 11.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,883 shares of the financial services provider’s stock worth $11,375,000 after purchasing an additional 3,340 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of AON by 3.2% in the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after buying an additional 173,722 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of AON by 2.9% during the second quarter. Forsta AP Fonden now owns 42,600 shares of the financial services provider’s stock valued at $15,198,000 after buying an additional 1,200 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of AON by 109.4% during the second quarter. Jupiter Asset Management Ltd. now owns 131,483 shares of the financial services provider’s stock valued at $46,908,000 after acquiring an additional 68,698 shares in the last quarter. Finally, National Pension Service raised its holdings in AON by 19.3% in the 2nd quarter. National Pension Service now owns 416,461 shares of the financial services provider’s stock worth $148,577,000 after acquiring an additional 67,300 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AON has been the subject of a number of research analyst reports. Roth Capital reissued a “buy” rating and issued a $390.00 target price on shares of AON in a report on Tuesday, November 4th. Wells Fargo & Company reduced their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and lifted their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, TD Cowen dropped their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Moderate Buy” and an average target price of $419.13.

AON Trading Up 0.1%

AON stock opened at $350.17 on Thursday. The stock has a market cap of $75.26 billion, a P/E ratio of 29.33, a PEG ratio of 1.92 and a beta of 0.86. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm’s 50 day moving average price is $352.72 and its 200-day moving average price is $357.57.

AON (NYSE:AON) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $2.72 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 23.88%.

AON Company 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.