Pekin Hardy Strauss Inc. raised its position in shares of Aon plc (NYSE:AON – Free Report) by 4,362.8% during the 3rd quarter, Holdings Channel reports. The firm owned 130,759 shares of the financial services provider’s stock after buying an additional 127,829 shares during the quarter. AON comprises 3.1% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 2nd largest holding. Pekin Hardy Strauss Inc.’s holdings in AON were worth $36,190,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of AON by 11,179.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock worth $1,114,313,000 after purchasing an additional 3,990,441 shares during the last quarter. Bank of America Corp DE boosted its position in AON by 16.3% in the first quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock valued at $510,857,000 after buying an additional 222,092 shares during the last quarter. Amundi boosted its position in AON by 23.5% in the first quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock valued at $485,103,000 after buying an additional 285,549 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in AON by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock valued at $404,709,000 after buying an additional 213,051 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in AON by 74.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock worth $257,391,000 after buying an additional 340,866 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.
AON News Summary
Here are the key news stories impacting AON this week:
- Positive Sentiment: Aon renewed its Aon Client Treaty for 2027, raising co-insurance on eligible business from 28.5% to 35%. The expansion also applies the 1.5% client dividend to a larger share of eligible placements and adds facultative capacity. It strengthens Aon’s offering to clients, though the announcement did not quantify its earnings impact. Aon Client Treaty expands to 35% co-insurance for 2027
- Positive Sentiment: Aon and Munich Re launched a pandemic reinsurance solution for insurers in Indonesia and the Philippines, potentially creating a new offering in markets with coverage gaps. Aon and Munich Re launch pandemic reinsurance solution
- Neutral Sentiment: Analyst views were mixed: BMO Capital Markets upgraded AON, while UBS cut its price target; Cantor Fitzgerald and Wells Fargo coverage headlines also pointed to expected upside. BMO upgrades AON UBS cuts AON price target
- Negative Sentiment: Dowling & Partners lowered its 2026 EPS estimate to $18.50 from $18.70, although that remains close to the $18.49 consensus estimate. AON analyst estimate update
Wall Street Analyst Weigh In
A number of research firms have issued reports on AON. Weiss Ratings lowered shares of AON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Cantor Fitzgerald upped their price objective on shares of AON from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group increased their price objective on shares of AON from $375.00 to $401.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods reduced their target price on shares of AON from $417.00 to $342.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Finally, Bank of America boosted their target price on shares of AON from $298.00 to $327.00 and gave the company an “underperform” rating in a research report on Wednesday, July 15th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, AON has an average rating of “Hold” and an average target price of $369.12.
Read Our Latest Research Report on AON
Insider Activity
In other news, Director Lester Knight purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the acquisition, the director owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This represents a 13.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.
AON Stock Down 0.1%
AON stock opened at $344.43 on Friday. The business’s 50-day moving average price is $300.76 and its 200 day moving average price is $325.95. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The firm has a market cap of $73.07 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. Aon plc has a 52 week low of $266.33 and a 52 week high of $382.34.
AON (NYSE:AON – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.06. AON had a return on equity of 40.46% and a net margin of 22.24%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the company posted $3.05 earnings per share. AON’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Aon plc will post 18.47 earnings per share for the current year.
AON Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s payout ratio is 17.96%.
About AON
Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.
The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.
Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.
Further Reading
- Five stocks we like better than AON
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AON – Free Report).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.
