DekaBank Deutsche Girozentrale Has $92.12 Million Holdings in Aon plc (NYSE:AON)

DekaBank Deutsche Girozentrale grew its holdings in shares of Aon plc (NYSE:AON) by 27.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,109 shares of the financial services provider’s stock after purchasing an additional 59,782 shares during the period. DekaBank Deutsche Girozentrale owned about 0.13% of AON worth $92,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares in the last quarter. Capital International Investors boosted its position in shares of AON by 0.4% during the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after acquiring an additional 22,346 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in shares of AON by 4.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after acquiring an additional 127,173 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of AON by 8.3% during the 4th quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after acquiring an additional 179,238 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of AON by 32.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after acquiring an additional 471,424 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock traded up $2.39 during trading hours on Friday, reaching $330.21. The company had a trading volume of 1,649,743 shares, compared to its average volume of 1,289,751. The business has a fifty day moving average price of $296.73 and a 200-day moving average price of $303.58. Aon plc has a one year low of $268.06 and a one year high of $344.68. The firm has a market cap of $71.73 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.91. The company has a debt-to-equity ratio of 2.92, a quick ratio of 4.13 and a current ratio of 2.42.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 earnings per share. Sell-side analysts predict that Aon plc will post 15.31 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

Analyst Ratings Changes

Several research firms recently issued reports on AON. Citigroup began coverage on shares of AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada lifted their price objective on shares of AON from $315.00 to $335.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Morgan Stanley reduced their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Bank of America cut shares of AON from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $330.21.

Insider Buying and Selling at AON

In other AON news, insider Andy Weitz 8,454 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

About AON

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.