National Bank of Canada FI Increases Stock Position in Aon plc $AON

by · The Cerbat Gem

National Bank of Canada FI raised its holdings in shares of Aon plc (NYSE:AON – Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,203 shares of the financial services provider’s stock after purchasing an additional 17,414 shares during the period. National Bank of Canada FI’s holdings in AON were worth $81,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of AON by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after purchasing an additional 511,292 shares in the last quarter. Geode Capital Management LLC raised its position in AON by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after buying an additional 173,722 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after acquiring an additional 473,594 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AON by 13.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after acquiring an additional 316,333 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of AON by 6.1% in the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after acquiring an additional 131,676 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 1.8%

Shares of AON stock opened at $353.71 on Monday. 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 company has a market cap of $76.02 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 2.02 and a beta of 0.84. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The firm has a fifty day moving average price of $347.23 and a 200-day moving average price of $356.22.

AON (NYSE:AON – Get Free Report) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $2.72 earnings per share. AON’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio is currently 23.88%.

Analyst Ratings Changes

AON has been the topic of a number of research analyst reports. Barclays restated an “equal weight” rating and set a $379.00 price objective (down previously from $420.00) on shares of AON in a research report on Thursday, November 20th. Roth Capital reiterated a “buy” rating and set a $390.00 target price on shares of AON in a research note on Tuesday, November 4th. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Wells Fargo & Company reduced their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Finally, UBS Group lowered their target price on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.56.

View Our Latest Stock Analysis on AON

AON Profile

(Free Report)

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.

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