Capital Fund Management S.A. Takes $4.03 Million Position in Aon plc $AON

Key Points

• Capital Fund Management S.A. acquired 10,104 shares of Aon plc, valued at approximately $4,032,000, as disclosed in its recent 13F filing with the SEC.
• AON reported earnings of $3.49 per share for the quarter, surpassing analysts' expectations and reflecting a 10.5% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.745 per share, with a dividend yield of 0.8% and a payout ratio of approximately 24.96%.

Capital Fund Management S.A. acquired a new stake in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 10,104 shares of the financial services provider's stock, valued at approximately $4,032,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. bought a new stake in AON in the 1st quarter worth approximately $28,000. HHM Wealth Advisors LLC increased its stake in AON by 54.7% in the 1st 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 bought a new stake in AON in the 1st quarter worth approximately $37,000. Accent Capital Management LLC bought a new stake in AON in the 1st quarter worth approximately $40,000. Finally, Garde Capital Inc. bought a new stake in AON in the 1st quarter worth approximately $42,000. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Cantor Fitzgerald raised AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Piper Sandler boosted their target price on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company reissued 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. Morgan Stanley reissued a "cautious" rating on shares of AON in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods cut their target price on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $412.69.

AON Stock Down 0.5%

Shares of AON stock traded down $1.66 during mid-day trading on Thursday, hitting $366.71. The stock had a trading volume of 372,156 shares, compared to its average volume of 1,322,988. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The firm has a market capitalization of $79.07 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.83. The firm's 50-day moving average is $360.52 and its two-hundred day moving average is $370.26. 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 (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the business earned $2.93 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio is 24.96%.

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.