Aon plc $AON Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its position in shares of Aon plc (NYSE:AON) by 109.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,483 shares of the financial services provider’s stock after acquiring an additional 68,698 shares during the period. Jupiter Asset Management Ltd. owned about 0.06% of AON worth $46,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AON. National Pension Service boosted its stake in shares of AON by 19.3% in the second quarter. National Pension Service now owns 416,461 shares of the financial services provider’s stock valued at $148,577,000 after purchasing an additional 67,300 shares during the period. Avalon Capital Management purchased a new position in AON in the 2nd quarter valued at approximately $235,000. Factory Mutual Insurance Co. increased its position in shares of AON by 12.2% during the second quarter. Factory Mutual Insurance Co. now owns 46,000 shares of the financial services provider’s stock worth $16,411,000 after acquiring an additional 5,000 shares during the period. CENTRAL TRUST Co raised its stake in shares of AON by 5.7% in the second quarter. CENTRAL TRUST Co now owns 1,311 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 71 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in AON in the second quarter valued at $626,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen reduced their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and lifted their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Barclays reissued an “overweight” rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Morgan Stanley upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $419.13.

AON Stock Performance

NYSE AON opened at $349.63 on Wednesday. The company has a fifty day moving average of $353.19 and a two-hundred day moving average of $357.62. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a market capitalization of $75.15 billion, a PE ratio of 29.28, a P/E/G ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating 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 return on equity of 50.91% and a net margin of 15.54%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.72 EPS. As a group, analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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