Assenagon Asset Management S.A. Raises Stock Holdings in Aon plc (NYSE:AON)

Assenagon Asset Management S.A. lifted its holdings in Aon plc (NYSE:AON) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 545,210 shares of the financial services provider’s stock after buying an additional 124,454 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of AON worth $188,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CVA Family Office LLC raised its holdings in shares of AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after buying an additional 29 shares during the period. Amplius Wealth Advisors LLC grew its stake in AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares in the last quarter. waypoint wealth counsel grew its stake in AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares in the last quarter. Trust Co. of Vermont grew its stake in AON by 8.7% in the third quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 35 shares in the last quarter. Finally, Trust Co. of Oklahoma grew its stake in AON by 3.5% in the third quarter. Trust Co. of Oklahoma now owns 1,071 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 36 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AON. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Evercore ISI increased their target price on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their target price on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Two research 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, AON presently has an average rating of “Hold” and a consensus price target of $347.06.

AON Stock Down 0.2 %

Shares of NYSE AON traded down $0.58 during midday trading on Thursday, reaching $357.71. 269,423 shares of the company’s stock traded hands, compared to its average volume of 1,175,571. The company has a market cap of $77.71 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.31 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $363.46. 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 stock’s 50 day simple moving average is $347.63 and its 200-day simple moving average is $316.00.

AON (NYSE:AON) last announced its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business earned $2.76 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts predict that Aon plc will post 15.21 EPS for the current fiscal year.

AON Dividend Announcement

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

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.