Deutsche Bank AG Has $187.85 Million Stake in Aon plc (NYSE:AON)

Key Points

• Deutsche Bank AG has increased its holdings in Aon plc by 5.7%, now owning 470,695 shares valued at approximately $187.85 million.
• Aon has received several upgrades from research analysts, with target prices raised by firms including Goldman Sachs and Piper Sandler, indicating a positive outlook for the company.
• The company will pay a quarterly dividend of $0.745 per share on August 15, which reflects a dividend yield of 0.8%.

Deutsche Bank AG boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 470,695 shares of the financial services provider's stock after purchasing an additional 25,438 shares during the quarter. Deutsche Bank AG owned approximately 0.22% of AON worth $187,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after acquiring an additional 760,516 shares during the period. First Trust Advisors LP boosted its position in AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after acquiring an additional 527,204 shares during the period. Bank of New York Mellon Corp boosted 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 acquiring an additional 469,238 shares during the period. Assenagon Asset Management S.A. boosted its position in 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 acquiring an additional 331,888 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in AON by 23.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,488,054 shares of the financial services provider's stock worth $534,449,000 after acquiring an additional 286,147 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Trading Down 1.1%

Shares of NYSE AON traded down $3.92 during mid-day trading on Tuesday, hitting $364.17. 2,456,866 shares of the company traded hands, compared to its average volume of 1,335,852. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The stock has a market capitalization of $78.53 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.17 and a beta of 0.83. 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 business has a 50 day moving average of $357.81 and a two-hundred day moving average of $370.73.

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 firm had revenue of $4.16 billion during 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 business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.93 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 1st. AON's dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AON shares. Evercore ISI raised their target price on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Piper Sandler raised their target price on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Barclays reaffirmed an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $409.21.

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.