Geode Capital Management LLC Grows Stock Position in Aon plc $AON

Geode Capital Management LLC boosted its position in Aon plc (NYSE:AON) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,588,279 shares of the financial services provider’s stock after buying an additional 173,722 shares during the period. Geode Capital Management LLC owned approximately 2.59% of AON worth $1,987,961,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in AON during the first quarter worth $31,000. HHM Wealth Advisors LLC boosted its holdings 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 buying an additional 29 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in AON during the second quarter worth about $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of AON during the 2nd quarter valued at approximately $32,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of several research reports. Wells Fargo & Company reduced their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Evercore ISI raised their price target on AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. TD Cowen decreased their price objective on shares of 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 raised their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $419.13.

AON Price Performance

AON stock opened at $350.17 on Thursday. The stock has a market capitalization of $75.26 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The stock’s fifty day simple moving average is $352.72 and its 200-day simple moving average is $357.57. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Announces Dividend

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