Aon plc $AON Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its position in Aon plc (NYSE:AON) by 284.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,373 shares of the financial services provider’s stock after purchasing an additional 117,877 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AON were worth $51,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox grew its stake in shares of AON by 126.6% in the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after buying an additional 4,387,773 shares in the last quarter. Norges Bank acquired a new position in AON during the 4th quarter worth about $1,155,981,000. Viking Global Investors LP purchased a new position in AON during the 3rd quarter valued at about $504,424,000. Balyasny Asset Management L.P. boosted its holdings in AON by 40,219.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock valued at $301,922,000 after acquiring an additional 844,615 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new position in AON in the 4th quarter valued at about $229,372,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of several research reports. Citigroup increased their price target on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Piper Sandler cut shares of AON from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $377.00 in a report on Wednesday, July 15th. Mizuho upped their target price on shares of AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company reduced their target price on shares of AON from $409.00 to $406.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, Barclays raised their price target on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.56.

Insider Activity

In related news, General Counsel Darren Zeidel sold 600 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the completion of the transaction, the general counsel owned 15,354 shares in the company, valued at approximately $5,527,440. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

AON Stock Performance

Shares of AON opened at $361.26 on Friday. The stock has a 50-day simple moving average of $336.57 and a 200-day simple moving average of $331.38. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $77.16 billion, a PE ratio of 19.83, a PEG ratio of 1.89 and a beta of 0.71. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.67 earnings per share. On average, analysts predict that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s dividend payout ratio (DPR) is presently 18.00%.

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.