Border to Coast Pensions Partnership Ltd Buys 12,105 Shares of Aon plc (NYSE:AON)

Border to Coast Pensions Partnership Ltd boosted its position in Aon plc (NYSE:AON - Free Report) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,017 shares of the financial services provider's stock after buying an additional 12,105 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in AON were worth $39,118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AON. Board of the Pension Protection Fund acquired a new position in AON in the 1st quarter valued at about $359,000. Perpetual Ltd lifted its holdings in AON by 4.4% during the 1st quarter. Perpetual Ltd now owns 1,261 shares of the financial services provider's stock worth $503,000 after purchasing an additional 53 shares during the last quarter. Nadler Financial Group Inc. bought a new stake in AON in the 1st quarter valued at $202,000. PDS Planning Inc increased its position in AON by 13.3% during the 1st quarter. PDS Planning Inc now owns 965 shares of the financial services provider's stock worth $385,000 after buying an additional 113 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of AON by 1.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 54,108 shares of the financial services provider's stock worth $21,594,000 after buying an additional 747 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $384.00 to $378.00 in a research report on Monday, April 28th. Evercore ISI decreased their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods cut their price target 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $397.27.

AON Price Performance

Shares of NYSE AON opened at $353.88 on Friday. The company has a market capitalization of $76.42 billion, a PE ratio of 30.14, a P/E/G ratio of 2.12 and a beta of 0.86. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. Aon plc has a twelve month low of $288.50 and a twelve month high of $412.97. The firm has a fifty day simple moving average of $358.37 and a 200 day simple moving average of $370.91.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.66 EPS. On average, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. This is a positive change from AON's previous quarterly dividend of $0.68. AON's payout ratio is currently 25.38%.

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.

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