Aon plc (NYSE:AON) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its holdings in shares of Aon plc (NYSE:AON) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,209 shares of the financial services provider’s stock after buying an additional 4,666 shares during the period. Artemis Investment Management LLP’s holdings in AON were worth $33,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter valued at approximately $31,000. Rise Advisors LLC purchased a new position in shares of AON in the first quarter worth $37,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter valued at $45,000. Bruce G. Allen Investments LLC increased its position in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares during the period. Finally, LRI Investments LLC purchased a new position in AON in the 1st quarter worth $55,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

Shares of AON stock opened at $353.95 on Wednesday. The stock has a market capitalization of $76.89 billion, a P/E ratio of 27.74, a PEG ratio of 2.24 and a beta of 0.92. The business has a 50 day simple moving average of $340.60 and a two-hundred day simple moving average of $313.42. Aon plc has a 12 month low of $268.06 and a 12 month high of $355.15. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the company posted $2.76 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, analysts predict that Aon plc will post 15.22 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.76%. AON’s dividend payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AON. JPMorgan Chase & Co. increased their price target on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Morgan Stanley cut their price target on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Piper Sandler lifted their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and raised their target price for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $337.14.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.