Aon plc $AON Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its holdings in shares of Aon plc (NYSE:AON) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,585 shares of the financial services provider’s stock after acquiring an additional 152 shares during the period. Radnor Capital Management LLC’s holdings in AON were worth $3,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Two Sigma Investments LP raised its position in shares of AON by 40.6% during the 4th quarter. Two Sigma Investments LP now owns 53,460 shares of the financial services provider’s stock worth $19,201,000 after acquiring an additional 15,424 shares in the last quarter. Vident Advisory LLC grew its stake in AON by 508.0% during the 4th quarter. Vident Advisory LLC now owns 11,486 shares of the financial services provider’s stock worth $4,126,000 after buying an additional 9,597 shares during the last quarter. Waverly Advisors LLC grew its stake in AON by 40.2% during the 4th quarter. Waverly Advisors LLC now owns 1,500 shares of the financial services provider’s stock worth $539,000 after buying an additional 430 shares during the last quarter. Unio Capital LLC grew its stake in AON by 5.1% during the 4th quarter. Unio Capital LLC now owns 37,061 shares of the financial services provider’s stock worth $13,311,000 after buying an additional 1,812 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AON by 21.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,273,950 shares of the financial services provider’s stock worth $457,552,000 after buying an additional 223,413 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Barclays restated an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Evercore ISI raised their price target on AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Piper Sandler raised their price target on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Citigroup began coverage on AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. Finally, Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and lifted their target price for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $415.50.

AON Stock Performance

Shares of AON stock opened at $356.22 on Wednesday. The stock has a fifty day moving average price of $364.13 and a 200 day moving average price of $367.70. The stock has a market cap of $76.81 billion, a PE ratio of 29.83, a P/E/G ratio of 2.16 and a beta of 0.87. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 earnings per share. Sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s payout ratio is currently 24.96%.

AON Company 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.