Susquehanna Fundamental Investments LLC Invests $5.10 Million in Aon plc (NYSE:AON)

Susquehanna Fundamental Investments LLC acquired a new stake in Aon plc (NYSE:AON) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,292 shares of the financial services provider’s stock, valued at approximately $5,103,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital International Investors lifted its position in AON by 0.4% in the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock valued at $1,607,519,000 after acquiring an additional 22,346 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of AON by 8.3% in the 4th quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after purchasing an additional 179,238 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AON by 14.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,472,309 shares of the financial services provider’s stock worth $428,280,000 after purchasing an additional 182,688 shares in the last quarter. Norges Bank purchased a new stake in shares of AON in the 4th quarter worth $423,030,000. Finally, Bank of New York Mellon Corp increased its stake in shares of AON by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,452,406 shares of the financial services provider’s stock worth $484,697,000 after purchasing an additional 12,370 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target on AON from $289.00 to $287.00 and set an “underweight” rating for the company in a research note on Tuesday, July 2nd. Piper Sandler cut their price target on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Bank of America lowered 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 research note on Wednesday, May 22nd. Morgan Stanley cut their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. raised their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $321.36.

AON Trading Up 0.1 %

Shares of NYSE:AON traded up $0.37 during trading on Monday, reaching $298.50. The company’s stock had a trading volume of 133,516 shares, compared to its average volume of 1,285,598. Aon plc has a 12 month low of $268.06 and a 12 month high of $344.68. The firm’s 50 day simple moving average is $290.15 and its two-hundred day simple moving average is $302.05. The stock has a market capitalization of $64.90 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 1.98 and a beta of 0.91.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $5.17 EPS. Research analysts anticipate that Aon plc will post 15.42 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.90%. AON’s payout ratio is currently 21.16%.

Insiders Place Their Bets

In related news, Director Lester B. Knight bought 10,000 shares of AON stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the transaction, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by insiders.

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.