Deutsche Bank AG Acquires 182,923 Shares of Aon plc $AON

Deutsche Bank AG raised its holdings in shares of Aon plc (NYSE:AON) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 795,630 shares of the financial services provider’s stock after acquiring an additional 182,923 shares during the quarter. Deutsche Bank AG owned about 0.37% of AON worth $280,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Wealth Watch Advisors INC bought a new stake in AON during the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC bought a new stake in AON during the 4th quarter valued at $30,000. Strive Asset Management LLC bought a new stake in AON during the 3rd quarter valued at $35,000. Measured Wealth Private Client Group LLC bought a new stake in AON during the 3rd quarter valued at $37,000. Finally, Salomon & Ludwin LLC raised its holdings in AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.7%

AON opened at $337.09 on Thursday. The stock has a market cap of $71.99 billion, a PE ratio of 18.50, a P/E/G ratio of 1.74 and a beta of 0.71. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00. The business’s fifty day simple moving average is $322.16 and its 200 day simple moving average is $332.74.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.67 earnings per share. As a group, research analysts expect that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.82 dividend. This is a boost from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is currently 16.36%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AON. Keefe, Bruyette & Woods lowered their target price on shares of AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Barclays decreased their price target on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Mizuho decreased their price target on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $398.00 to $397.00 in a report on Friday, February 27th. Finally, Citigroup upped their price target on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $396.81.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.