Phoenix Financial Ltd. Makes New $1.15 Million Investment in Aon plc $AON

Phoenix Financial Ltd. purchased a new position in shares of Aon plc (NYSE:AON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,143 shares of the financial services provider’s stock, valued at approximately $1,152,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AON. Vanguard Group Inc. boosted its stake 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 worth $7,893,382,000 after acquiring an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 worth $1,210,864,000 after acquiring an additional 469,238 shares in the last quarter. Polen Capital Management LLC boosted its stake 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 worth $1,200,350,000 after acquiring an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 worth $954,053,000 after acquiring an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp boosted its stake 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 worth $914,163,000 after acquiring an additional 131,676 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 0.2%

AON opened at $343.36 on Wednesday. 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 company’s 50 day simple moving average is $362.37 and its two-hundred day simple moving average is $360.63. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The firm has a market capitalization of $74.04 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89.

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

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Piper Sandler raised their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and raised their price target for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

About AON

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.