Czech National Bank Boosts Stock Holdings in Aon plc $AON

Key Points

• The Czech National Bank increased its stake in Aon plc by 6.3% during the second quarter, bringing its total holdings to 52,783 shares valued at approximately $18.83 million.
• A number of institutional investors, including Two Sigma Investments LP and Vident Advisory LLC, have significantly increased their positions in AON, reflecting strong interest in the company.
• Aon's stock recently received several analyst upgrades, with price targets being raised by firms like Evercore ISI and Jefferies Financial Group, indicating a positive outlook for the stock's performance.

Czech National Bank grew its stake in Aon plc (NYSE:AON - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,783 shares of the financial services provider's stock after buying an additional 3,111 shares during the quarter. Czech National Bank's holdings in AON were worth $18,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the 1st quarter worth approximately $28,000. Saudi Central Bank purchased a new stake in shares of AON during the 1st quarter worth about $31,000. HHM Wealth Advisors LLC increased its stake in shares of AON by 54.7% in the 1st 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. Tsfg LLC purchased a new position in shares of AON during the 1st quarter valued at approximately $37,000. Finally, Accent Capital Management LLC acquired a new stake in AON in the 1st quarter valued at $40,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on AON. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 price objective (up from $436.00) on shares of AON in a report on Thursday, July 10th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective on the stock. Barclays reaffirmed an "overweight" rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Wolfe Research initiated coverage on AON in a research report on Monday. They set a "peer perform" rating on the stock. Finally, Piper Sandler raised their target price on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $414.69.

AON Trading Down 1.4%

Shares of AON stock traded down $5.15 on Thursday, reaching $352.86. The company had a trading volume of 1,392,947 shares, compared to its average volume of 1,014,448. The firm's 50 day moving average price is $364.04 and its two-hundred day moving average price is $367.25. The firm has a market cap of $76.09 billion, a PE ratio of 29.55, a PEG ratio of 2.12 and a beta of 0.87. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

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

AON Dividend Announcement

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 dividend of $0.745 per share. 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 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.