Saudi Central Bank Boosts Position in Aon plc $AON

Saudi Central Bank boosted its holdings in Aon plc (NYSE:AON) by 89.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,248 shares of the financial services provider’s stock after acquiring an additional 6,711 shares during the period. Saudi Central Bank’s holdings in AON were worth $4,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. AlphaGrep UK Ltd purchased a new stake in shares of AON during the 2nd quarter worth about $334,000. Old Mission Investment Co LLC acquired a new position in shares of AON in the 2nd quarter valued at approximately $300,000. TD Waterhouse Canada Inc. boosted its stake in AON by 9.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,718 shares of the financial services provider’s stock valued at $2,996,000 after acquiring an additional 728 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of AON by 13.5% during the second quarter. Concurrent Investment Advisors LLC now owns 5,805 shares of the financial services provider’s stock worth $1,926,000 after purchasing an additional 692 shares during the last quarter. Finally, NEOS Investment Management LLC grew its position in shares of AON by 12.8% in the 2nd quarter. NEOS Investment Management LLC now owns 34,465 shares of the financial services provider’s stock worth $11,432,000 after acquiring an additional 3,922 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AON shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of AON in a research note on Tuesday, September 1st. Roth Capital set a $380.00 price objective on shares of AON in a research note on Tuesday, September 1st. Cantor Fitzgerald lowered their price target on AON from $445.00 to $433.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 1st. UBS Group reaffirmed a “neutral” rating on shares of AON in a research note on Monday, August 31st. Finally, Barclays boosted their target price on AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.12.

AON Price Performance

Shares of NYSE:AON opened at $322.57 on Monday. The firm has a market cap of $68.42 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.63 and a beta of 0.66. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a 1 year low of $304.59 and a 1 year high of $382.34. The business has a fifty day simple moving average of $353.58 and a 200 day simple moving average of $334.24.

AON (NYSE:AON) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.49 EPS. As a group, sell-side analysts predict that Aon plc will post 18.99 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 3rd. AON’s dividend payout ratio is 18.08%.

Insider Buying and Selling

In other news, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the sale, the general counsel directly owned 11,504 shares in the company, valued at approximately $4,345,751.04. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lester Knight purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the acquisition, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 4,450 shares of company stock valued at $1,659,242 in the last ninety days. Company insiders own 1.00% of the company’s stock.

More AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon director Lester Knight purchased 20,000 shares for approximately $6.55 million, increasing his direct holdings by nearly 14%. The sizable insider purchase may signal confidence that the recent weakness has created attractive value. Aon director stock purchase filing
• Positive Sentiment: Aon executives highlighted strong demand for insurance-linked securities and expect continued growth through year-end and into 2027. A more flexible reinsurance market, supported by approximately $800 billion of capital, could increase transaction activity and benefit Aon’s brokerage and advisory operations. Strong ILS demand and continued growth expected
• Positive Sentiment: The company urged insurers to use record reinsurance capacity and third-party capital to support growth, reinforcing the potential for expanding demand for Aon’s capital-markets and risk-transfer services. Aon urges insurers to use reinsurance and third-party capital
• Positive Sentiment: Aon launched a defined-benefit pension “run-on” solution aimed at smaller schemes, broadening its retirement-services offering and potentially creating additional recurring consulting revenue. Aon launches run-on solution
• Neutral Sentiment: Chief Executive Greg Case will speak at the KBW Insurance Conference on September 10, giving investors a potential catalyst for updates on the USI transaction, organic growth and capital allocation. Aon to speak at the KBW Insurance Conference
• Negative Sentiment: Analysis of Aon’s planned $17 billion USI acquisition questioned whether roughly $395 million in expected synergies will adequately offset the risks of another debt-funded megadeal. Leverage and integration concerns may be weighing on valuation. Analysis of Aon’s USI acquisition
• Negative Sentiment: Mizuho lowered its price target while maintaining an outperform rating, adding near-term pressure amid broader uncertainty over valuation and the acquisition’s financing. This caution contrasts with the more bullish view from Keefe, Bruyette & Woods. Mizuho forecast for AON

About AON

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.