Cryder Capital Partners LLP Purchases Shares of 231,314 Aon plc $AON

Cryder Capital Partners LLP purchased a new stake in shares of Aon plc (NYSE:AON) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 231,314 shares of the financial services provider’s stock, valued at approximately $82,524,000. AON makes up 4.6% of Cryder Capital Partners LLP’s investment portfolio, making the stock its 10th largest position. Cryder Capital Partners LLP owned approximately 0.11% of AON at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of AON by 41.7% during the first quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 562 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of AON by 15.3% during the first quarter. Oppenheimer & Co. Inc. now owns 2,786 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 370 shares in the last quarter. Perigon Wealth Management LLC raised its position in AON by 4.3% in the 1st quarter. Perigon Wealth Management LLC now owns 1,848 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 76 shares during the period. Robeco Institutional Asset Management B.V. raised its position in AON by 1.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 54,108 shares of the financial services provider’s stock worth $21,594,000 after purchasing an additional 747 shares during the period. Finally, Perpetual Ltd raised its position in AON by 4.4% in the 1st quarter. Perpetual Ltd now owns 1,261 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 53 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

AON opened at $337.58 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50 day moving average price is $360.70 and its 200-day moving average price is $360.10. The stock has a market capitalization of $72.79 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.89. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings data 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. 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 the consensus estimate of $4.16 billion. During the same period in the previous year, the firm earned $2.93 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is currently 24.96%.

Analysts Set New Price Targets

Several research analysts have recently commented on AON shares. Evercore ISI lifted their price objective on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wolfe Research assumed coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Barclays reaffirmed an “overweight” rating and issued a $420.00 target price (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research report 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 given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.