Lansforsakringar Fondforvaltning AB publ Buys New Position in Aon plc (NYSE:AON)

Lansforsakringar Fondforvaltning AB publ acquired a new position in Aon plc (NYSE:AON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 65,826 shares of the financial services provider's stock, valued at approximately $23,642,000.

Several other institutional investors also recently bought and sold shares of the company. Wealthedge Investment Advisors LLC purchased a new stake in shares of AON in the 4th quarter worth approximately $638,000. Heck Capital Advisors LLC bought a new stake in AON during the 4th quarter valued at $1,039,000. Armis Advisers LLC purchased a new position in shares of AON in the 4th quarter valued at $235,000. Ameriflex Group Inc. bought a new position in shares of AON in the 4th quarter worth $93,000. Finally, Forum Financial Management LP boosted its position in AON by 4.4% during the fourth quarter. Forum Financial Management LP now owns 950 shares of the financial services provider's stock valued at $341,000 after purchasing an additional 40 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

AON traded up $5.16 on Friday, reaching $372.08. 1,849,194 shares of the company's stock were exchanged, compared to its average volume of 1,198,236. The stock has a market cap of $80.35 billion, a PE ratio of 29.39, a P/E/G ratio of 2.12 and a beta of 0.89. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a twelve month low of $276.76 and a twelve month high of $412.97. The stock's fifty day moving average price is $367.16 and its 200-day moving average price is $374.27.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the firm posted $5.66 EPS. The business's quarterly revenue was up 16.2% on a year-over-year basis. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.745 dividend. The ex-dividend date was Thursday, May 1st. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.80%. AON's payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

AON has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Jefferies Financial Group upped their price target on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Evercore ISI lowered their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $397.27.

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.