Aon plc (NYSE:AON) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Aon plc (NYSE:AON) by 27.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 55,685 shares of the financial services provider’s stock after buying an additional 12,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $20,000,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AON. AMF Tjanstepension AB purchased a new stake in AON in the 3rd quarter valued at $20,856,000. Eastern Bank purchased a new stake in AON in the 3rd quarter valued at $43,000. Dakota Wealth Management grew its holdings in AON by 8.5% in the 3rd quarter. Dakota Wealth Management now owns 3,347 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 263 shares in the last quarter. Ballentine Partners LLC grew its holdings in AON by 9.7% in the 3rd quarter. Ballentine Partners LLC now owns 1,812 shares of the financial services provider’s stock valued at $627,000 after buying an additional 160 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in AON by 46.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,094 shares of the financial services provider’s stock valued at $5,568,000 after buying an additional 5,100 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

AON stock opened at $389.51 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.65. The firm has a market cap of $84.13 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93. The stock has a 50-day simple moving average of $368.55 and a 200-day simple moving average of $361.81.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the company earned $3.89 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 21.33%.

Analyst Ratings Changes

AON has been the topic of several research reports. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays raised their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets boosted their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $386.21.

Insider Activity at AON

In related news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.