Aon plc $AON Stock Position Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Aon plc by 13.6%, now owning 63,285 shares valued at approximately $25.26 million.
• Aon reported a quarterly earnings of $3.49 per share, beating estimates of $3.40, with a revenue of $4.16 billion, reflecting a year-over-year growth of 10.5%.
• The company announced a quarterly dividend of $0.745 per share, set to be paid to stockholders on August 15, contributing to an annualized dividend yield of 0.8%.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 13.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,285 shares of the financial services provider's stock after purchasing an additional 7,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in AON were worth $25,256,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AON. Polen Capital Management LLC raised its stake in AON by 318.1% during the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider's stock worth $1,200,350,000 after purchasing an additional 2,288,397 shares during the period. Nuveen LLC purchased a new position in AON during the first quarter worth approximately $505,108,000. GAMMA Investing LLC raised its stake in AON by 56,460.0% during the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after purchasing an additional 760,516 shares during the period. First Trust Advisors LP raised its stake in shares of AON by 5,877.4% in the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock valued at $192,572,000 after acquiring an additional 527,204 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after acquiring an additional 469,238 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Down 0.3%

AON stock traded down $1.05 during mid-day trading on Monday, hitting $365.96. 1,323,780 shares of the company were exchanged, compared to its average volume of 1,337,831. The firm has a fifty day simple moving average of $357.40 and a 200 day simple moving average of $370.60. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a market capitalization of $78.91 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the firm posted $2.93 EPS. The company's revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.745 dividend. 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 (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Citigroup assumed coverage on shares of AON in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 target price on the stock. Morgan Stanley reissued a "cautious" rating on shares of AON in a research note on Monday. Barclays reissued an "overweight" rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Piper Sandler raised their price target on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AON presently has an average rating of "Moderate Buy" and an average target price of $409.18.

AON 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.