Swedbank AB Has $30.85 Million Stock Position in Aon plc $AON

Swedbank AB boosted its holdings in shares of Aon plc (NYSE:AON) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,409 shares of the financial services provider’s stock after buying an additional 4,493 shares during the period. Swedbank AB’s holdings in AON were worth $30,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Sound View Wealth Advisors Group LLC increased its position in AON by 1.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 29 shares during the last quarter. Kathmere Capital Management LLC increased its position in AON by 2.1% in the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 32 shares during the last quarter. Westpac Banking Corp increased its position in AON by 5.6% in the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 33 shares during the last quarter. Capital Investment Advisors LLC increased its position in AON by 1.8% in the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in AON by 39.3% in the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

Shares of AON stock opened at $324.73 on Monday. The stock has a 50 day moving average of $321.84 and a two-hundred day moving average of $334.91. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a market capitalization of $69.35 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.72 and a beta of 0.72.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the company earned $5.67 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Aon plc will post 19.07 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.82 dividend. The ex-dividend date was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is 16.36%.

Analyst Ratings Changes

Several brokerages have weighed in on AON. Keefe, Bruyette & Woods dropped their target price on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Piper Sandler dropped their target price on AON from $388.00 to $355.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Citigroup upped their target price on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. TD Cowen reaffirmed a “buy” rating on shares of AON in a research report on Monday, March 16th. Finally, UBS Group reissued a “neutral” rating and set a $385.00 price objective on shares of AON in a report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $396.00.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.