Tema Etfs LLC Purchases 5,479 Shares of Aon plc $AON

Tema Etfs LLC raised its holdings in shares of Aon plc (NYSE:AON) by 131.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,635 shares of the financial services provider’s stock after acquiring an additional 5,479 shares during the quarter. Tema Etfs LLC’s holdings in AON were worth $3,436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC raised its stake in AON by 0.9% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 28 shares during the period. Matrix Trust Co grew its holdings in AON by 7.1% during the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock valued at $150,000 after buying an additional 28 shares in the last quarter. Sunflower Bank N.A. raised its position in shares of AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock valued at $598,000 after buying an additional 30 shares during the last quarter. Focus Financial Network Inc. boosted its position in shares of AON by 5.7% during the second quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 31 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AON shares. The Goldman Sachs Group set a $395.00 price objective on shares of AON in a report on Wednesday. TD Cowen cut their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Wolfe Research began coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Morgan Stanley set a $400.00 target price on AON in a research report on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.35.

AON Trading Down 0.3%

Shares of AON stock opened at $350.95 on Monday. The company has a market cap of $75.43 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.78 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 stock’s 50 day simple moving average is $349.43 and its two-hundred day simple moving average is $355.23. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35.

AON (NYSE:AON) 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. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.72 EPS. Research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio is currently 23.88%.

AON 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.