BloombergSen Inc. Has $102.04 Million Holdings in Aon plc $AON

BloombergSen Inc. lowered its stake in Aon plc (NYSE:AON) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286,027 shares of the financial services provider’s stock after selling 3,498 shares during the quarter. AON makes up 6.3% of BloombergSen Inc.’s investment portfolio, making the stock its 5th largest position. BloombergSen Inc. owned about 0.13% of AON worth $102,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of AON by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock valued at $7,893,382,000 after acquiring an additional 258,699 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of AON by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after acquiring an additional 469,238 shares during the last quarter. Polen Capital Management LLC boosted its position in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after acquiring an additional 2,288,397 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of AON by 2.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock valued at $954,053,000 after acquiring an additional 61,350 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of AON by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock valued at $914,163,000 after acquiring an additional 131,676 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE AON opened at $359.87 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock’s 50-day moving average is $363.88 and its 200 day moving average is $364.39. The stock has a market cap of $77.60 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 2.11 and a beta of 0.89. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s payout ratio is 24.96%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AON. Citigroup began coverage on AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target for the company. Barclays reiterated an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and raised their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Evercore ISI raised their price objective on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus price target of $415.06.

AON Profile

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.