Tema Etfs LLC Buys Shares of 4,156 Aon plc $AON

Tema Etfs LLC acquired a new position in Aon plc (NYSE:AON) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 4,156 shares of the financial services provider’s stock, valued at approximately $1,483,000.

Other large investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of AON during the 1st quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of AON during the second quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new stake in AON during the second quarter valued at $32,000. Pinnacle Bancorp Inc. boosted its position in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in AON in the second quarter valued at about $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays reiterated an “equal weight” rating and set a $379.00 price target (down from $420.00) on shares of AON in a report on Thursday, November 20th. Wolfe Research began coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research note on Monday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $416.56.

AON Stock Performance

NYSE:AON opened at $347.62 on Friday. The firm has a market capitalization of $74.71 billion, a PE ratio of 27.85, a PEG ratio of 1.96 and a beta of 0.84. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. The firm’s fifty day simple moving average is $348.75 and its 200 day simple moving average is $356.86.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

AON 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.