Dynamic Technology Lab Private Ltd Takes $1.77 Million Position in Aon plc $AON

Key Points

• Dynamic Technology Lab Private Ltd recently acquired a new stake in Aon plc, purchasing 4,425 shares valued at approximately $1.77 million during the first quarter.
• Analysts have set diverse ratings for Aon, with Citigroup rating it "neutral" and Cantor Fitzgerald upgrading it to a "strong-buy," reflecting a generally positive outlook on the stock.
• Aon announced a quarterly dividend of $0.745 per share, resulting in a dividend yield of 0.8%, demonstrating a commitment to returning value to shareholders.

Dynamic Technology Lab Private Ltd acquired a new stake in Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,425 shares of the financial services provider's stock, valued at approximately $1,766,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its stake in AON by 7.7% in the fourth quarter. Benjamin Edwards Inc. now owns 697 shares of the financial services provider's stock valued at $251,000 after acquiring an additional 50 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of AON by 34.1% during the 4th quarter. Cetera Investment Advisers now owns 25,991 shares of the financial services provider's stock worth $9,335,000 after purchasing an additional 6,605 shares during the last quarter. Deutsche Bank AG boosted its stake in AON by 32.3% during the 4th quarter. Deutsche Bank AG now owns 445,257 shares of the financial services provider's stock valued at $159,919,000 after purchasing an additional 108,585 shares during the period. Fiduciary Trust Co grew its holdings in AON by 11.2% in the 4th quarter. Fiduciary Trust Co now owns 941 shares of the financial services provider's stock valued at $338,000 after buying an additional 95 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in shares of AON by 6.5% during the fourth quarter. Ethic Inc. now owns 21,454 shares of the financial services provider's stock worth $7,706,000 after buying an additional 1,303 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock traded down $4.24 on Wednesday, reaching $362.14. The stock had a trading volume of 798,913 shares, compared to its average volume of 1,032,499. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market capitalization of $78.09 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.17 and a beta of 0.87. The firm's 50-day moving average is $363.00 and its two-hundred day moving average is $368.92. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

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 for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm earned $2.93 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. On average, research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a dividend of $0.745 per share. The ex-dividend date 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 (DPR) is 24.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AON. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Evercore ISI raised 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, Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and lifted their target price for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.