Nippon Life Global Investors Americas Inc. Has $9.05 Million Holdings in Aon plc $AON

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Aon plc by 4.7%, acquiring 1,010 additional shares, bringing its total holdings to 22,670 shares valued at approximately $9.05 million.
• Several analysts have upgraded Aon's stock, with Barclays setting a target price of $420.00 and Jefferies Financial Group upgrading their rating from "hold" to "buy" with a new price objective of $426.00.
• Aon announced a quarterly dividend of $0.745 per share, resulting in an annualized dividend yield of 0.8%, with a payout ratio of 24.96%.

Nippon Life Global Investors Americas Inc. lifted its position in Aon plc (NYSE:AON - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,670 shares of the financial services provider's stock after buying an additional 1,010 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in AON were worth $9,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in AON during the first quarter worth $28,000. Saudi Central Bank bought a new stake in AON in the 1st quarter valued at $31,000. HHM Wealth Advisors LLC increased its holdings in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares during the period. Tsfg LLC bought a new stake in AON in the 1st quarter valued at $37,000. Finally, Accent Capital Management LLC bought a new stake in AON in the 1st quarter valued at $40,000. Institutional investors own 86.14% of the company's stock.

AON Price Performance

NYSE AON traded down $3.35 on Wednesday, hitting $363.03. 355,666 shares of the company were exchanged, compared to its average volume of 1,305,558. The firm has a 50 day moving average of $363.00 and a two-hundred day moving average of $368.92. The company has a market cap of $78.28 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.19 and a beta of 0.87. 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 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results 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. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The firm's quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given 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 yield of 0.8%. AON's dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AON shares. Piper Sandler boosted 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. Barclays reissued an "overweight" rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their target price for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Morgan Stanley reaffirmed a "cautious" rating on shares of AON in a report on Monday, August 18th. Finally, Evercore ISI upped their target price on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. 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 company's stock. According to data from MarketBeat, AON currently has a consensus rating of "Moderate Buy" and an average price target of $412.69.

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.