Amundi Has $328 Million Holdings in Aon plc $AON

Key Points

• Amundi increased its stake in Aon plc by 11.9% during the first quarter, totaling 831,877 shares valued at approximately $328 million.
• Analysts are optimistic about Aon, with a consensus rating of "Moderate Buy" and target prices from several firms ranging from $408 to $421 per share.
• Aon recently declared a quarterly dividend of $0.745 per share, which amounts to an annualized yield of 0.8%.

Amundi boosted its position in shares of Aon plc (NYSE:AON - Free Report) by 11.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 831,877 shares of the financial services provider's stock after acquiring an additional 88,212 shares during the period. Amundi owned approximately 0.39% of AON worth $328,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Vanguard Group Inc. boosted its holdings in AON by 1.3% during the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider's stock valued at $7,893,382,000 after purchasing an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in AON by 18.3% during the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after purchasing an additional 469,238 shares in the last quarter. Polen Capital Management LLC boosted its holdings in AON by 318.1% during the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider's stock valued at $1,200,350,000 after purchasing an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in AON by 2.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider's stock valued at $954,053,000 after purchasing an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in AON by 6.1% during the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock valued at $914,163,000 after purchasing an additional 131,676 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AON shares. Citigroup assumed coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective on the stock. Cantor Fitzgerald raised AON to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler boosted their target price on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wells Fargo & Company restated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, Evercore ISI boosted their price objective on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $412.69.

AON Trading Down 0.2%

Shares of AON traded down $0.85 during trading hours on Monday, reaching $369.69. The stock had a trading volume of 1,004,723 shares, compared to its average volume of 1,312,798. The company has a market cap of $79.72 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.20 and a beta of 0.87. 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 plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a 50-day moving average of $362.56 and a 200 day moving average of $369.08.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 (DPR) is 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.