Pacer Advisors Inc. Has $6.88 Million Stock Holdings in Aon plc $AON

Pacer Advisors Inc. grew its position in Aon plc (NYSE:AON) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,504 shares of the financial services provider’s stock after purchasing an additional 2,140 shares during the quarter. Pacer Advisors Inc.’s holdings in AON were worth $6,883,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AON. Wealth Watch Advisors INC acquired a new position in AON during the 3rd quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in AON during the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of AON in the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC bought a new position in shares of AON in the fourth quarter worth about $30,000. Finally, Strive Asset Management LLC acquired a new position in shares of AON during the 3rd quarter worth about $35,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AON. Citigroup increased their target price on AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Piper Sandler reduced their price objective on AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research report on Monday, June 15th. Mizuho lowered their price objective on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Barclays lowered their price target on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $394.94.

AON Stock Up 0.2%

Shares of NYSE AON opened at $318.50 on Monday. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00. The firm’s 50-day simple moving average is $322.70 and its 200 day simple moving average is $331.63. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market cap of $68.03 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the company posted $5.67 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.82 dividend. This is a boost from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s dividend payout ratio is presently 18.00%.

About AON

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.