Nordwand Advisors LLC Has $1.39 Million Holdings in Aon plc $AON

Nordwand Advisors LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 146.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,910 shares of the financial services provider’s stock after purchasing an additional 2,325 shares during the period. Nordwand Advisors LLC’s holdings in AON were worth $1,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Silver Lake Advisory LLC acquired a new position in shares of AON during the third quarter worth approximately $1,292,000. Nordea Investment Management AB raised its position in AON by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after purchasing an additional 1,061 shares during the last quarter. Arrowroot Family Office LLC acquired a new position in AON during the 2nd quarter worth $541,000. Arrowstreet Capital Limited Partnership boosted its position in AON by 368.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 78,753 shares of the financial services provider’s stock valued at $28,096,000 after buying an additional 61,924 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown increased its stake in shares of AON by 565.8% in the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 6,658 shares of the financial services provider’s stock valued at $2,375,000 after buying an additional 5,658 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.3%

NYSE AON opened at $343.74 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50-day moving average is $349.75 and its 200-day moving average is $354.85. Aon plc has a one year low of $323.73 and a one year high of $412.97. The firm has a market cap of $73.88 billion, a P/E ratio of 27.54, a P/E/G ratio of 1.74 and a beta of 0.84.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $2.72 EPS. Sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AON shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Cantor Fitzgerald cut their target price on shares of AON from $450.00 to $393.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Mizuho set a $387.00 price target on shares of AON in a research report on Wednesday, January 14th. JPMorgan Chase & Co. reduced their price objective on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Finally, Roth Capital reissued a “buy” rating and issued a $390.00 price target on shares of AON in a research note on Tuesday, November 4th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $408.47.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.