Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 7,600 Shares of Aon plc (NYSE:AON)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Aon plc (NYSE:AON) by 13.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,285 shares of the financial services provider’s stock after purchasing an additional 7,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $25,256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. purchased a new stake in AON in the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC boosted its position in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares in the last quarter. Tsfg LLC purchased a new position in shares of AON during the 1st quarter valued at approximately $37,000. Accent Capital Management LLC purchased a new position in shares of AON during the 1st quarter valued at approximately $40,000. Finally, Garde Capital Inc. purchased a new position in shares of AON during the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AON shares. Cantor Fitzgerald initiated coverage on AON in a research note on Tuesday. They issued an “overweight” rating and a $440.00 price objective for the company. Wells Fargo & Company restated an “overweight” rating and set a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. Piper Sandler lifted their price objective on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. The Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. Finally, Evercore ISI lifted their price objective on AON from $411.00 to $421.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.69.

AON Stock Up 1.9%

AON opened at $370.88 on Thursday. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $79.97 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.15 and a beta of 0.83. The stock’s 50 day moving average price is $357.55 and its 200 day moving average price is $370.68.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $2.93 EPS. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is currently 24.96%.

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.