Managed Asset Portfolios LLC Increases Stock Position in Aon plc $AON

Managed Asset Portfolios LLC raised its stake in shares of Aon plc (NYSE:AON) by 40.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,280 shares of the financial services provider’s stock after purchasing an additional 15,695 shares during the quarter. AON accounts for about 2.5% of Managed Asset Portfolios LLC’s holdings, making the stock its 18th biggest holding. Managed Asset Portfolios LLC’s holdings in AON were worth $19,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in AON by 2.6% in the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after acquiring an additional 511,292 shares in the last quarter. Geode Capital Management LLC lifted its position in AON by 3.2% in the 2nd 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 during the last quarter. Bank of New York Mellon Corp boosted its stake in AON by 15.6% in the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares in the last quarter. Polen Capital Management LLC raised its stake in shares of AON by 318.1% during the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after acquiring an additional 2,288,397 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AON by 13.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after acquiring an additional 316,333 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.5%

AON opened at $348.23 on Wednesday. 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 current ratio of 1.52 and a quick ratio of 1.52. The business has a 50 day simple moving average of $351.11 and a two-hundred day simple moving average of $357.56. The firm has a market capitalization of $74.85 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last posted its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.72 earnings per share. Analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wolfe Research began coverage on shares of AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Piper Sandler increased their target price on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $419.13.

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.