Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 12,000 Shares of Aon plc (NYSE:AON)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Aon plc (NYSE:AON) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,685 shares of the financial services provider’s stock after acquiring an additional 12,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $20,000,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the 3rd quarter worth approximately $336,375,000. Veritas Asset Management LLP lifted its holdings in shares of AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares during the last quarter. Accredited Investors Inc. lifted its holdings in shares of AON by 5,694.5% in the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock worth $83,883,000 after acquiring an additional 238,258 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of AON in the 3rd quarter worth approximately $79,390,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 0.9 %

NYSE:AON opened at $389.51 on Friday. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The stock has a fifty day simple moving average of $368.55 and a 200-day simple moving average of $361.81. The company has a market cap of $84.13 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.65.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the firm earned $3.89 EPS. Analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON’s payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AON shares. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $386.21.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Company 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.