Aon plc $AON Stake Boosted by Border to Coast Pensions Partnership Ltd

Key Points

• Border to Coast Pensions Partnership Ltd has increased its stake in Aon plc by 4.6%, now holding 102,557 shares valued at approximately $36.6 million.
• Several institutional investors, including Polen Capital Management LLC and GAMMA Investing LLC, have significantly increased their holdings in Aon, highlighting strong institutional interest in the company.
• Aon recently declared a quarterly dividend of $0.745 per share, reflecting an annualized yield of 0.9%, with a modest payout ratio of 24.96%.

Border to Coast Pensions Partnership Ltd grew its position in shares of Aon plc (NYSE:AON - Free Report) by 4.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,557 shares of the financial services provider's stock after purchasing an additional 4,540 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in AON were worth $36,588,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. acquired a new stake in AON during the 1st quarter valued at $28,000. Saudi Central Bank acquired a new position in shares of AON in the first quarter worth about $31,000. Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after acquiring an additional 33 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Finally, Tsfg LLC purchased a new stake in AON during the 1st quarter worth approximately $37,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent analyst reports. Barclays reissued an "overweight" rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Evercore ISI upped their target price on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. TD Cowen lowered their price objective on AON from $427.00 to $419.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Wolfe Research assumed coverage on AON in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Finally, Piper Sandler lifted their target price on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $414.69.

AON Price Performance

AON stock traded down $2.04 during midday trading on Tuesday, hitting $351.42. The company's stock had a trading volume of 870,646 shares, compared to its average volume of 1,317,101. 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 stock's 50-day moving average price is $363.80 and its 200-day moving average price is $366.02. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a market capitalization of $75.78 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (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 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 revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. Analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given 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 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.