Aon plc (NYSE:AON) Shares Bought by Sapient Capital LLC

Sapient Capital LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 367.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,428 shares of the financial services provider’s stock after buying an additional 2,695 shares during the period. Sapient Capital LLC’s holdings in AON were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its stake in AON by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 39 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of AON in the fourth quarter worth about $625,000. HighPoint Advisor Group LLC purchased a new stake in shares of AON in the fourth quarter worth about $1,075,000. Nomura Holdings Inc. purchased a new stake in shares of AON in the fourth quarter worth about $1,177,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of AON by 26.5% in the first quarter. Los Angeles Capital Management LLC now owns 18,615 shares of the financial services provider’s stock worth $6,212,000 after buying an additional 3,901 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 1.0 %

AON stock opened at $358.58 on Tuesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $360.95. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market cap of $77.90 billion, a PE ratio of 28.66, a P/E/G ratio of 2.28 and a beta of 0.92. The stock’s fifty day moving average is $343.39 and its two-hundred day moving average is $314.33.

AON (NYSE:AON) last posted its 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). AON had a return on equity of 252.81% and a net margin of 18.00%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the firm posted $2.76 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, sell-side analysts expect that Aon plc will post 15.22 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is currently 21.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AON shares. JPMorgan Chase & Co. upped their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company upped their price target on AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Barclays assumed coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Piper Sandler upped their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Morgan Stanley reduced their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $347.06.

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.