Sumitomo Life Insurance Co. Purchases 95 Shares of Aon plc (NYSE:AON)

Sumitomo Life Insurance Co. increased its holdings in Aon plc (NYSE:AON) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,160 shares of the financial services provider’s stock after buying an additional 95 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in AON were worth $1,093,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake 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 acquiring an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after purchasing an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after purchasing an additional 52,099 shares during the period. Sustainable Growth Advisers LP increased its position in AON by 4.7% in the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after buying an additional 127,173 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its position in shares of AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after buying an additional 49,161 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Evercore ISI lifted their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Bank of America raised their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Piper Sandler upped their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $347.06.

AON Stock Up 0.2 %

NYSE AON opened at $358.48 on Thursday. The stock has a 50 day moving average price of $344.73 and a 200-day moving average price of $314.81. Aon plc has a one year low of $268.06 and a one year high of $363.11. The company has a market capitalization of $77.88 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.

AON (NYSE:AON) last issued its quarterly earnings data 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 business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.76 earnings per share. As a group, equities analysts predict that Aon plc will post 15.22 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 given a dividend of $0.675 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON’s dividend payout ratio (DPR) is presently 21.58%.

AON 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.