Aon plc $AON Stock Holdings Lifted by Ninety One North America Inc.

Key Points

• Ninety One North America Inc. increased its holdings in Aon plc by 1,433.9%, acquiring 107,302 additional shares in the second quarter, bringing the total to 114,785 shares.
• Aon reported a quarterly EPS of $3.49, exceeding estimates of $3.40, and a revenue of $4.16 billion, reflecting a year-over-year increase of 10.5%.
• The company recently announced a quarterly dividend of $0.745 per share, resulting in a 0.8% yield and a payout ratio of 24.96%.

Ninety One North America Inc. lifted its position in Aon plc (NYSE:AON - Free Report) by 1,433.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,785 shares of the financial services provider's stock after acquiring an additional 107,302 shares during the period. AON comprises approximately 2.0% of Ninety One North America Inc.'s holdings, making the stock its 18th largest position. Ninety One North America Inc. owned approximately 0.05% of AON worth $40,951,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AON. Financial Gravity Asset Management Inc. purchased a new position in AON during the first quarter valued at approximately $28,000. Saudi Central Bank purchased a new position in AON during the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. grew its position in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. HHM Wealth Advisors LLC grew its position in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 29 shares in the last quarter. Finally, Tsfg LLC purchased a new position in AON during the first quarter valued at approximately $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of AON in a research report on Monday, September 15th. They set a "peer perform" rating on the stock. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research report on Wednesday, August 13th. TD Cowen decreased their target price on shares of AON from $427.00 to $419.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Citigroup started coverage on shares of AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 target price for the company. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $414.69.

AON Price Performance

NYSE:AON opened at $356.51 on Wednesday. The stock has a market cap of $76.87 billion, a P/E ratio of 29.86, a PEG ratio of 2.10 and a beta of 0.87. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a fifty day moving average price of $363.82 and a 200 day moving average price of $364.42. 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 released its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 EPS. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced 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 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 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.

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