Aon plc $AON Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its position in Aon plc (NYSE:AON) by 109.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,483 shares of the financial services provider’s stock after buying an additional 68,698 shares during the period. Jupiter Asset Management Ltd.’s holdings in AON were worth $46,908,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AON. Saudi Central Bank acquired a new stake in AON in the first quarter valued at about $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of AON during the 2nd quarter worth approximately $31,000. Pinnacle Bancorp Inc. boosted its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in AON during the second quarter worth $32,000. Finally, HHM Wealth Advisors LLC raised its position in AON by 54.7% in the first 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 in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AON shares. Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Weiss Ratings lowered shares of AON from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods dropped their price objective on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $419.13.

AON Stock Up 1.4%

AON stock opened at $349.63 on Wednesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company’s 50 day simple moving average is $353.19 and its 200-day simple moving average is $357.62. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market capitalization of $75.15 billion, a PE ratio of 29.28, a P/E/G ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.72 EPS. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s payout ratio is presently 23.88%.

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.