S Bank Fund Management Ltd Buys Shares of 1,830 Aon plc $AON

Key Points

• S Bank Fund Management Ltd acquired a new stake in Aon plc, purchasing 1,830 shares valued at approximately $653,000 during the second quarter.
• Multiple hedge funds, including Financial Gravity Asset Management and Saudi Central Bank, have also recently increased their investments in Aon, indicating growing institutional interest.
• Aon has received a mixture of ratings from analysts, with a "Moderate Buy" consensus and an average price target of $420.00, while it recently reported a 10.5% revenue increase year-over-year.

S Bank Fund Management Ltd bought a new stake in Aon plc (NYSE:AON - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,830 shares of the financial services provider's stock, valued at approximately $653,000.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in AON in the first quarter valued at $28,000. Saudi Central Bank acquired a new position in shares of AON during the first quarter valued at $31,000. Pinnacle Bancorp Inc. increased its holdings in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 33 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of AON during the second quarter valued at $32,000. Finally, HHM Wealth Advisors LLC increased its holdings in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 29 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AON has been the topic of a number of research analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of AON in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on AON from $451.00 to $448.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Cantor Fitzgerald raised AON to a "strong-buy" rating in a report on Wednesday, August 13th. TD Cowen lowered their target price on AON from $427.00 to $419.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Finally, Citigroup began coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $420.00.

AON Trading Down 3.6%

NYSE:AON opened at $343.09 on Friday. 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 plc has a 1-year low of $323.73 and a 1-year high of $412.97. The firm has a market capitalization of $73.98 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.09 and a beta of 0.89. The stock has a fifty day simple moving average of $363.65 and a 200 day simple moving average of $361.80.

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 return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the company posted $2.93 EPS. AON's revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON's dividend payout ratio (DPR) is presently 24.96%.

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.

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