Caisse DE Depot ET Placement DU Quebec Purchases 16,158 Shares of Aon plc $AON

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stock holdings in Aon plc by 1,019.4% during the first quarter, bringing its total to 17,743 shares worth approximately $7,081,000.
• Aon has received various analyst ratings; Barclays set a price target of $420.00, while Wells Fargo raised theirs to $438.00, indicating strong confidence in the stock's performance.
• The company recently announced a quarterly dividend of $0.745 per share, translating to an annualized yield of 0.8%, reflecting a sustainable payout ratio of 24.96%.

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Aon plc (NYSE:AON - Free Report) by 1,019.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,743 shares of the financial services provider's stock after purchasing an additional 16,158 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in AON were worth $7,081,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AON. AQR Capital Management LLC lifted its holdings in AON by 23.1% in the 4th quarter. AQR Capital Management LLC now owns 36,000 shares of the financial services provider's stock worth $12,906,000 after purchasing an additional 6,764 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of AON by 16.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 39,633 shares of the financial services provider's stock worth $14,235,000 after acquiring an additional 5,661 shares in the last quarter. Utah Retirement Systems raised its holdings in shares of AON by 0.5% during the 4th quarter. Utah Retirement Systems now owns 32,609 shares of the financial services provider's stock worth $11,712,000 after acquiring an additional 160 shares in the last quarter. Voleon Capital Management LP purchased a new stake in shares of AON during the 4th quarter worth approximately $1,863,000. Finally, Keel Point LLC raised its holdings in shares of AON by 5.1% during the 4th quarter. Keel Point LLC now owns 779 shares of the financial services provider's stock worth $280,000 after acquiring an additional 38 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.2%

AON stock traded up $0.62 during mid-day trading on Monday, hitting $367.16. The company's stock had a trading volume of 774,627 shares, compared to its average volume of 1,250,791. The company has a 50 day moving average of $361.09 and a 200-day moving average of $369.75. The stock has a market cap of $79.17 billion, a PE ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.87. 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 plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating 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%.AON's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 EPS. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON's dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

Several analysts have recently issued reports on AON shares. Piper Sandler upped their price objective on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Cantor Fitzgerald raised AON to a "strong-buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company restated an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Evercore ISI increased 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. Finally, Citigroup assumed coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, AON currently has an average rating of "Moderate Buy" and an average target price of $412.69.

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.