ASR Vermogensbeheer N.V. Purchases New Position in Aon plc (NYSE:AON)

Key Points

• ASR Vermogensbeheer N.V. invested $6.20 million in Aon plc by acquiring 15,539 shares, reflecting a growing interest among institutional investors in the company.
• Aon received multiple upgrades in analyst ratings, with Barclays raising its target price from $401 to $420 and Jefferies Financial Group upgrading to a "buy" with a price target of $426.
• The company's quarterly earnings showed strong growth, with a net margin of 15.54% and earnings per share of $3.49, exceeding estimates and marking a significant increase from $2.93 in the same quarter last year.

ASR Vermogensbeheer N.V. purchased a new stake in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,539 shares of the financial services provider's stock, valued at approximately $6,201,000.

Other large investors also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its holdings in AON by 3.6% during the first quarter. Citizens Financial Group Inc. RI now owns 26,082 shares of the financial services provider's stock worth $10,409,000 after acquiring an additional 901 shares during the period. Vanguard Group Inc. boosted its position in shares of AON by 1.3% in the 1st 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 during the period. Goldman Sachs Group Inc. boosted its position in AON by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,152,300 shares of the financial services provider's stock worth $459,872,000 after acquiring an additional 31,901 shares during the period. Intrust Bank NA boosted its position in AON by 16.5% during the 1st quarter. Intrust Bank NA now owns 909 shares of the financial services provider's stock worth $363,000 after acquiring an additional 129 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in AON by 32.2% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 678 shares of the financial services provider's stock worth $271,000 after acquiring an additional 165 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Piper Sandler lifted their price target on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. Evercore ISI lifted their price target on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods cut their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $409.21.

AON Stock Performance

NYSE AON traded up $1.50 during trading on Monday, hitting $367.90. The company's stock had a trading volume of 396,105 shares, compared to its average volume of 1,322,435. 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 firm has a 50 day moving average price of $357.97 and a 200 day moving average price of $370.73. The firm has a market cap of $79.33 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 EPS. Equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 1st. AON's dividend payout ratio (DPR) is presently 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.