Tema Etfs LLC Purchases 5,479 Shares of Aon plc $AON

by · The Cerbat Gem

Tema Etfs LLC grew its holdings in shares of Aon plc (NYSE:AON – Free Report) by 131.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,635 shares of the financial services provider’s stock after buying an additional 5,479 shares during the period. Tema Etfs LLC’s holdings in AON were worth $3,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in AON by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after acquiring an additional 511,292 shares during the period. Geode Capital Management LLC lifted its position in shares of AON by 3.2% during the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after purchasing an additional 173,722 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of AON by 15.6% during the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after purchasing an additional 473,594 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of AON by 13.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after purchasing an additional 316,333 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in AON by 1.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock worth $776,326,000 after buying an additional 40,213 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

Shares of NYSE:AON opened at $350.95 on Monday. The firm has a 50 day moving average of $349.43 and a 200 day moving average of $355.23. 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 has a market capitalization of $75.43 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 1.78 and a beta of 0.84. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON – Get Free Report) last announced its quarterly 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 business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.72 EPS. On average, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be issued a $0.745 dividend. The ex-dividend date is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AON shares. Mizuho began coverage on shares of AON in a research report on Monday, December 15th. They issued a “neutral” rating and a $389.00 price objective for the company. Barclays lifted their price target on shares of AON from $379.00 to $381.00 and gave the company an “equal weight” rating in a research note on Thursday. Wolfe Research started coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods lifted their target price on AON from $410.00 to $416.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group set a $395.00 price target on AON in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $411.35.

Check Out Our Latest Analysis on AON

About AON

(Free Report)

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.

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