15,539 Shares in Aon plc (NYSE:AON) Purchased by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. acquired a new position in shares of Aon plc (NYSE:AON) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,539 shares of the financial services provider’s stock, valued at approximately $6,201,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new stake in AON during the first quarter worth about $28,000. HHM Wealth Advisors LLC raised its position in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the last quarter. Tsfg LLC acquired a new position in AON during the first quarter worth about $37,000. Accent Capital Management LLC acquired a new position in AON during the first quarter worth about $40,000. Finally, Garde Capital Inc. acquired a new position in AON during the first quarter worth about $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $363.73 on Thursday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The company has a 50 day moving average price of $358.13 and a 200 day moving average price of $370.68. The firm has a market capitalization of $78.43 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the business posted $2.93 earnings per share. AON’s revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s dividend payout ratio is 24.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AON shares. Piper Sandler lifted their target price on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Wells Fargo & Company restated an “overweight” rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Evercore ISI lifted their target price on shares of AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average price target of $409.21.

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.