Swedbank raised its holdings in shares of Aon PLC (NYSE:AON) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 768,558 shares of the financial services provider’s stock after purchasing an additional 34,759 shares during the quarter. Swedbank’s holdings in AON were worth $110,442,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new stake in shares of AON during the third quarter worth $333,000. Rehmann Capital Advisory Group raised its holdings in shares of AON by 15,302.0% in the third quarter. Rehmann Capital Advisory Group now owns 98,265 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 97,627 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of AON in the fourth quarter valued at about $6,045,000. Advanced Asset Management Advisors Inc bought a new stake in shares of AON in the third quarter valued at about $601,000. Finally, Credit Suisse AG raised its holdings in shares of AON by 9.1% in the third quarter. Credit Suisse AG now owns 390,822 shares of the financial services provider’s stock valued at $60,101,000 after acquiring an additional 32,663 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
Several research firms recently weighed in on AON. Zacks Investment Research downgraded AON from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $200.00 in a report on Monday, February 4th. Wells Fargo & Co lifted their price objective on AON from $165.00 to $150.00 and gave the company a “market perform” rating in a report on Tuesday, November 13th. Sandler O’Neill upgraded AON from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Finally, William Blair restated a “market perform” rating on shares of AON in a report on Friday, February 1st. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $169.10.
AON (NYSE:AON) last released its earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. AON had a return on equity of 43.49% and a net margin of 10.53%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Aon PLC will post 9.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, January 31st. AON’s dividend payout ratio (DPR) is 19.61%.
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AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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