Aster Capital Management DIFC Ltd Purchases New Holdings in Aon plc $AON

Aster Capital Management DIFC Ltd purchased a new stake in shares of Aon plc (NYSE:AON) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,751 shares of the financial services provider’s stock, valued at approximately $618,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of AON by 28.4% in the 2nd quarter. NewEdge Advisors LLC now owns 14,704 shares of the financial services provider’s stock valued at $5,246,000 after purchasing an additional 3,253 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of AON by 9.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 98,084 shares of the financial services provider’s stock valued at $34,992,000 after purchasing an additional 8,216 shares during the period. Alliancebernstein L.P. grew its stake in shares of AON by 35.2% in the 2nd quarter. Alliancebernstein L.P. now owns 292,210 shares of the financial services provider’s stock valued at $104,249,000 after purchasing an additional 76,061 shares during the period. Diversify Advisory Services LLC grew its stake in shares of AON by 27.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,734 shares of the financial services provider’s stock valued at $995,000 after purchasing an additional 583 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of AON by 46.1% in the 2nd quarter. Quantinno Capital Management LP now owns 40,044 shares of the financial services provider’s stock valued at $14,286,000 after purchasing an additional 12,631 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 1.7%

Shares of AON opened at $329.45 on Tuesday. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The business’s fifty day moving average price is $322.82 and its two-hundred day moving average price is $332.44. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings data 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 firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $5.67 EPS. On average, analysts predict that Aon plc will post 19.1 earnings per share for the current year.

AON Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods lowered their price objective on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Piper Sandler lowered their price objective on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays lowered their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $396.50.

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.