Vontobel Holding Ltd. Buys 57,847 Shares of Aon plc (NYSE:AON)

Vontobel Holding Ltd. grew its stake in shares of Aon plc (NYSE:AON) by 150.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 96,321 shares of the financial services provider’s stock after acquiring an additional 57,847 shares during the quarter. Vontobel Holding Ltd.’s holdings in AON were worth $33,326,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Radnor Capital Management LLC lifted its stake in AON by 203.6% during the first quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of AON during the 2nd quarter worth $31,000. Norden Group LLC acquired a new stake in AON in the first quarter valued at about $2,044,000. Daiwa Securities Group Inc. grew its position in AON by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after acquiring an additional 2,624 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in AON during the fourth quarter worth about $1,177,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON stock opened at $358.48 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The firm has a market cap of $77.88 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.32 and a beta of 0.92. The company’s fifty day simple moving average is $344.73 and its 200 day simple moving average is $314.81. Aon plc has a 12-month low of $268.06 and a 12-month high of $363.11.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business 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 firm earned $2.76 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts expect that Aon plc will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio (DPR) is 21.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AON. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Evercore ISI increased their price target on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $347.06.

AON Company 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.