ASR Vermogensbeheer N.V. Purchases 4,326 Shares of Aon plc $AON

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Aon plc by 27.8%, acquiring an additional 4,326 shares, bringing its total ownership to 19,865 shares valued at approximately $7.1 million.
• Institutions collectively hold 86.14% of Aon's stock, with significant increases in holdings from firms like Polen Capital Management (up 318.1%) and Bank of New York Mellon (up 18.3%).
• Aon's stock has a consensus rating of "Moderate Buy" with target prices ranging from $415.06 to $430.00, following recent upgrades from multiple research firms including Morgan Stanley and Jefferies Financial Group.

ASR Vermogensbeheer N.V. lifted its position in shares of Aon plc (NYSE:AON - Free Report) by 27.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,865 shares of the financial services provider's stock after buying an additional 4,326 shares during the period. ASR Vermogensbeheer N.V.'s holdings in AON were worth $7,087,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Polen Capital Management LLC grew its stake in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider's stock worth $1,200,350,000 after acquiring an additional 2,288,397 shares in the last quarter. Nuveen LLC acquired a new position in AON during the first quarter worth $505,108,000. Wellington Management Group LLP bought a new position in AON in the first quarter valued at $490,634,000. Bank of New York Mellon Corp lifted its position in AON by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock worth $1,210,864,000 after buying an additional 469,238 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of AON by 205.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 493,694 shares of the financial services provider's stock worth $197,028,000 after buying an additional 331,888 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AON. Wolfe Research began coverage on AON in a report on Monday, September 15th. They set a "peer perform" rating on the stock. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Evercore ISI raised their target price on shares of AON from $421.00 to $427.00 and gave the company an "outperform" rating in a research note on Wednesday. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price target for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, Barclays reissued an "overweight" rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $415.06.

AON Trading Up 0.1%

Shares of AON stock opened at $360.61 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The business has a fifty day simple moving average of $363.94 and a two-hundred day simple moving average of $364.18. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a market capitalization of $77.76 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 2.13 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The company 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%. AON's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.93 EPS. Research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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