AMF Tjanstepension AB Raises Stock Holdings in Aon plc $AON

Key Points

• AMF Tjanstepension AB increased its holdings in Aon plc by 124.6% in Q2, acquiring an additional 70,333 shares, bringing its total ownership to approximately $45.3 million.
• Several hedge funds have significantly increased their positions in Aon, including Portside Wealth Group, which boosted its holdings by 530.6% during the first quarter.
• Aon recently declared a quarterly dividend of $0.745, representing a yield of 0.8% and a payout ratio of 24.96%.

AMF Tjanstepension AB raised its stake in shares of Aon plc (NYSE:AON - Free Report) by 124.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 126,792 shares of the financial services provider's stock after acquiring an additional 70,333 shares during the period. AMF Tjanstepension AB owned approximately 0.06% of AON worth $45,265,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Portside Wealth Group LLC boosted its holdings in AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after purchasing an additional 9,302 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after buying an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of AON by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock worth $11,183,000 after acquiring an additional 1,489 shares during the period. Catalyst Capital Advisors LLC increased its position in AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Ninety One North America Inc. lifted its holdings in AON by 64.4% in the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock valued at $2,986,000 after acquiring an additional 2,932 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AON. Weiss Ratings restated a "buy (b-)" rating on shares of AON in a research note on Saturday, September 27th. Barclays restated an "overweight" rating and set a $420.00 target price (up from $401.00) on shares of AON in a research report on Thursday, July 31st. TD Cowen decreased their price target on shares of AON from $427.00 to $419.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Piper Sandler boosted their price objective on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and raised their target price for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $415.06.

AON Stock Up 0.9%

AON opened at $364.06 on Friday. The stock has a market cap of $78.50 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm's fifty day moving average is $363.77 and its 200 day moving average is $364.00. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.16 billion. During the same period last year, the firm earned $2.93 earnings per share. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio is presently 24.96%.

AON 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.

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