13,100 Shares in Aon plc $AON Acquired by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. bought a new stake in Aon plc (NYSE:AON) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,100 shares of the financial services provider’s stock, valued at approximately $4,671,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Wealth LLC raised its stake in AON by 25.0% during the third quarter. NewEdge Wealth LLC now owns 7,997 shares of the financial services provider’s stock worth $2,733,000 after purchasing an additional 1,601 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of AON during the 3rd quarter valued at approximately $1,070,000. Syon Capital LLC lifted its holdings in AON by 10.3% in the third quarter. Syon Capital LLC now owns 4,246 shares of the financial services provider’s stock valued at $1,514,000 after acquiring an additional 398 shares during the last quarter. Advisors Capital Management LLC grew its position in AON by 2.1% in the third quarter. Advisors Capital Management LLC now owns 89,364 shares of the financial services provider’s stock worth $31,868,000 after acquiring an additional 1,808 shares during the period. Finally, Maridea Wealth Management LLC acquired a new stake in AON during the third quarter worth $234,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at AON

In other news, Director Lester B. Knight bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the purchase, the director owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. This represents a 2.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AON shares. Barclays increased their price target on AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. UBS Group reiterated a “neutral” rating and set a $385.00 price target on shares of AON in a research report on Monday, February 2nd. Keefe, Bruyette & Woods upped their price objective on shares of AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. The Goldman Sachs Group set a $395.00 target price on shares of AON in a report on Wednesday, January 7th. Finally, TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus price target of $409.75.

AON Price Performance

Shares of AON opened at $323.32 on Thursday. The company has a market cap of $69.27 billion, a P/E ratio of 19.00, a PEG ratio of 1.67 and a beta of 0.83. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $412.97. The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The firm’s 50 day moving average price is $343.02 and its 200 day moving average price is $351.14.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.75 by $0.10. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.42 earnings per share. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, February 2nd. AON’s dividend payout ratio (DPR) is presently 17.51%.

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.