Norinchukin Bank The Acquires 1,267 Shares of Aon plc $AON

Key Points

• Norinchukin Bank The increased its stake in Aon plc by 13.8% during Q1, now holding 10,429 shares valued at approximately $4.16 million.
• Several institutional investors significantly raised their positions in Aon, with Hsbc Holdings PLC boosting its stake by 117.9% during Q4.
• Aon reported a quarterly earnings per share of $3.49, exceeding analysts' expectations and showing a year-over-year revenue increase of 10.5%.

Norinchukin Bank The boosted its position in Aon plc (NYSE:AON - Free Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,429 shares of the financial services provider's stock after purchasing an additional 1,267 shares during the period. Norinchukin Bank The's holdings in AON were worth $4,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AON. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the 1st quarter valued at approximately $28,000. HHM Wealth Advisors LLC grew its stake in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after acquiring an additional 29 shares during the period. Tsfg LLC purchased a new stake in AON in the 1st quarter worth approximately $37,000. Accent Capital Management LLC purchased a new stake in shares of AON during the 1st quarter valued at $40,000. Finally, Garde Capital Inc. purchased a new stake in shares of AON during the 1st quarter valued at $42,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Down 0.4%

Shares of AON stock traded down $1.64 during midday trading on Tuesday, reaching $369.30. 1,301,717 shares of the company's stock traded hands, compared to its average volume of 1,329,973. The company has a market cap of $79.63 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.83. The company's 50 day simple moving average is $359.78 and its 200 day simple moving average is $370.28. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating 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 business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm earned $2.93 EPS. AON's revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON's payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AON. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price target for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research note on Tuesday, May 13th. Piper Sandler lifted 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. Wells Fargo & Company restated an "overweight" rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, Barclays reiterated an "overweight" rating and set a $420.00 price objective (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 Strong Buy rating, eight have given 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, the company has a consensus rating of "Moderate Buy" and a consensus 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.