Fosun International Ltd Invests $598,000 in Aon plc $AON

Fosun International Ltd acquired a new stake in shares of Aon plc (NYSE:AON) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,677 shares of the financial services provider’s stock, valued at approximately $598,000.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in AON by 6.6% during the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after purchasing an additional 1,061 shares during the period. Peak Financial Advisors LLC acquired a new stake in shares of AON during the 2nd quarter worth $2,464,000. Focus Partners Wealth boosted its holdings in AON by 27.7% in the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock valued at $50,219,000 after acquiring an additional 27,280 shares during the last quarter. Jump Financial LLC grew its position in AON by 314.2% during the first quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock valued at $3,516,000 after acquiring an additional 6,682 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in AON during the first quarter worth about $635,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON opened at $344.66 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average price is $348.52 and its 200 day moving average price is $356.68. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.97 and a beta of 0.84.

AON (NYSE:AON) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.72 earnings per share. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio (DPR) is presently 23.88%.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent research reports. Roth Capital restated a “buy” rating and set a $390.00 target price on shares of AON in a report on Tuesday, November 4th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their target price on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Evercore ISI boosted their price target on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.56.

AON Profile

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.