Aon plc (NYSE:AON) Stake Lifted by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd grew its stake in shares of Aon plc (NYSE:AON - Free Report) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,912 shares of the financial services provider's stock after buying an additional 3,665 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in AON were worth $29,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in AON during the second quarter worth approximately $31,000. Norden Group LLC acquired a new stake in AON in the 1st quarter valued at $2,044,000. Daiwa Securities Group Inc. raised its position in AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider's stock valued at $7,056,000 after purchasing an additional 2,624 shares during the period. Vanguard Group Inc. lifted its stake in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider's stock worth $5,894,053,000 after purchasing an additional 64,500 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider's stock worth $33,326,000 after buying an additional 57,847 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock traded down $0.50 during trading hours on Monday, reaching $357.43. The company's stock had a trading volume of 776,341 shares, compared to its average volume of 1,182,055. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. Aon plc has a one year low of $268.06 and a one year high of $363.46. The company's 50 day simple moving average is $345.94 and its 200 day simple moving average is $315.14. The stock has a market cap of $77.65 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts' consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The business's revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, analysts expect that Aon plc will post 15.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, November 1st. AON's payout ratio is 21.58%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on AON from $300.00 to $315.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised shares of AON from an "underperform" rating to an "outperform" rating and raised their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the stock a "hold" rating in a report on Monday, August 26th. Morgan Stanley dropped their target price on AON from $300.00 to $296.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler increased their price target on AON from $312.00 to $335.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $347.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.