OMERS ADMINISTRATION Corp Has $240.02 Million Position in Aon plc $AON

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Aon plc by 0.2%, now holding 601,417 shares valued at approximately $240 million, making it the 11th largest position in their portfolio.
• Aon recently reported a 10.5% increase in quarterly revenue year-over-year, posting earnings per share (EPS) of $3.49, surpassing analyst expectations of $3.40.
• The stock has experienced upgrades from multiple analysts, with price targets increasing; Jefferies Financial Group now sets a target of $426.00, reflecting positive sentiment towards Aon's market performance.

OMERS ADMINISTRATION Corp lowered its position in shares of Aon plc (NYSE:AON - Free Report) by 0.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 601,417 shares of the financial services provider's stock after selling 1,189 shares during the period. AON accounts for 2.1% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 11th biggest holding. OMERS ADMINISTRATION Corp owned about 0.28% of AON worth $240,020,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in AON in the first quarter worth about $28,000. HHM Wealth Advisors LLC lifted its holdings in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the period. Tsfg LLC acquired a new stake in AON in the first quarter worth about $37,000. Accent Capital Management LLC acquired a new stake in AON in the first quarter worth about $40,000. Finally, Garde Capital Inc. acquired a new stake in AON in the first quarter worth about $42,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

AON has been the subject of a number of research analyst reports. Piper Sandler upped 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. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. Evercore ISI upped their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Barclays reissued an "overweight" rating and issued a $420.00 price target (up from $401.00) on shares of AON in a report on Thursday, July 31st. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $412.69.

AON Stock Up 0.2%

Shares of AON traded up $0.62 during trading hours on Monday, reaching $367.16. The company's stock had a trading volume of 774,627 shares, compared to its average volume of 1,250,791. The firm has a market cap of $79.17 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.87. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average of $361.09 and a two-hundred day moving average of $369.75.

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, beating analysts' consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. As a group, research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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