Handelsbanken Fonder AB Has $21.31 Million Stock Holdings in Aon plc (NYSE:AON)

Handelsbanken Fonder AB raised its stake in Aon plc (NYSE:AON) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,338 shares of the financial services provider’s stock after acquiring an additional 4,860 shares during the period. Handelsbanken Fonder AB’s holdings in AON were worth $21,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. raised its holdings in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services bought a new stake in AON during the 3rd quarter worth $37,000. Finally, Kestra Investment Management LLC bought a new stake in AON during the 4th quarter worth $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AON

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

AON Stock Down 0.9 %

Shares of AON stock opened at $389.51 on Friday. Aon plc has a one year low of $268.06 and a one year high of $395.65. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The stock’s 50-day moving average is $368.55 and its 200 day moving average is $361.55. The firm has a market cap of $84.13 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.15 and a beta of 0.93.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the business posted $3.89 EPS. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is 21.33%.

Analysts Set New Price Targets

AON has been the topic of a number of research reports. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $386.21.

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.