Aon plc $AON Holdings Boosted by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Aon plc by 1.2%, holding 85,252 shares valued at $30.4 million as of the latest SEC filing.
• Several institutional investors have boosted their positions in Aon, with 86.14% of the stock currently owned by hedge funds and other institutional investors.
• Aon recently announced a quarterly dividend of $0.745 per share, yielding 0.8%, with a payout ratio of approximately 24.96%.

KLP Kapitalforvaltning AS boosted its position in shares of Aon plc (NYSE:AON - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,252 shares of the financial services provider's stock after purchasing an additional 1,000 shares during the period. KLP Kapitalforvaltning AS's holdings in AON were worth $30,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Regency Capital Management Inc. DE grew its position in AON by 28.7% during the 2nd quarter. Regency Capital Management Inc. DE now owns 13,262 shares of the financial services provider's stock worth $4,731,000 after purchasing an additional 2,957 shares in the last quarter. PUREfi Wealth LLC grew its position in AON by 13.5% during the 2nd quarter. PUREfi Wealth LLC now owns 1,899 shares of the financial services provider's stock worth $677,000 after purchasing an additional 226 shares in the last quarter. Valeo Financial Advisors LLC grew its position in AON by 2.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,311 shares of the financial services provider's stock worth $824,000 after purchasing an additional 48 shares in the last quarter. Marks Group Wealth Management Inc grew its position in AON by 1.1% during the 2nd quarter. Marks Group Wealth Management Inc now owns 25,630 shares of the financial services provider's stock worth $9,144,000 after purchasing an additional 290 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in AON by 115.9% during the 2nd quarter. Simplicity Wealth LLC now owns 4,240 shares of the financial services provider's stock worth $1,513,000 after purchasing an additional 2,276 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup started coverage on shares of AON in a research report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective on the stock. Piper Sandler boosted their price target on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Evercore ISI boosted their price target on shares of AON from $421.00 to $427.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Barclays restated an "overweight" rating and set a $420.00 price target (up from $401.00) on shares of AON in a report on Thursday, July 31st. Finally, Morgan Stanley upgraded shares of AON from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $385.00 to $430.00 in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $415.06.

AON Stock Up 0.4%

AON stock opened at $367.23 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a fifty day simple moving average of $363.98 and a 200 day simple moving average of $363.47. The firm has a market cap of $79.19 billion, a PE ratio of 30.76, a PEG ratio of 2.17 and a beta of 0.89.

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

AON Announces Dividend

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

About AON

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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