Swiss National Bank Purchases 39,400 Shares of Aon plc $AON

Swiss National Bank raised its position in Aon plc (NYSE:AON) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 588,400 shares of the financial services provider’s stock after buying an additional 39,400 shares during the quarter. Swiss National Bank owned about 0.27% of AON worth $209,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ABN AMRO Bank N.V. acquired a new position in AON during the second quarter valued at approximately $1,222,000. Handelsbanken Fonder AB increased its stake in shares of AON by 1.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,479 shares of the financial services provider’s stock valued at $21,576,000 after purchasing an additional 1,005 shares during the last quarter. Prudential PLC raised its holdings in shares of AON by 89.5% during the 2nd quarter. Prudential PLC now owns 22,374 shares of the financial services provider’s stock worth $7,982,000 after buying an additional 10,570 shares in the last quarter. Cumberland Partners Ltd boosted its stake in AON by 1.5% in the second quarter. Cumberland Partners Ltd now owns 9,880 shares of the financial services provider’s stock valued at $3,525,000 after buying an additional 150 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in AON by 1.9% in the second quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock valued at $776,326,000 after acquiring an additional 40,213 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays reaffirmed an “equal weight” rating and set a $379.00 target price (down previously from $420.00) on shares of AON in a research note on Thursday. TD Cowen cut their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AON presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.56.

AON Price Performance

AON stock opened at $346.58 on Friday. The company has a market capitalization of $74.49 billion, a P/E ratio of 29.03, a PEG ratio of 1.92 and a beta of 0.86. The company has a fifty day moving average price of $349.72 and a 200-day moving average price of $357.33. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.72 earnings per share. As a group, equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were 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 was Monday, November 3rd. 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.