Carderock Capital Management Inc. Purchases 1,973 Shares of Aon plc $AON

Carderock Capital Management Inc. increased its position in Aon plc (NYSE:AON) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,559 shares of the financial services provider’s stock after buying an additional 1,973 shares during the quarter. AON accounts for approximately 1.7% of Carderock Capital Management Inc.’s holdings, making the stock its 27th biggest holding. Carderock Capital Management Inc.’s holdings in AON were worth $7,814,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. City National Bank of Florida MSD increased its position in shares of AON by 3.8% in the fourth quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 32 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of AON by 39.3% during the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 33 shares during the period. Mattern Capital Management LLC boosted its holdings in shares of AON by 0.8% during the fourth quarter. Mattern Capital Management LLC now owns 3,974 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 33 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of AON by 5.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 33 shares during the last quarter. Finally, Seascape Capital Management increased its holdings in AON by 0.3% during the 4th quarter. Seascape Capital Management now owns 11,030 shares of the financial services provider’s stock valued at $3,892,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Darren Zeidel sold 1,950 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $372.05, for a total transaction of $725,497.50. Following the sale, the general counsel owned 13,404 shares in the company, valued at approximately $4,986,958.20. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 4,450 shares of company stock worth $1,659,242 over the last ninety days. Company insiders own 1.00% of the company’s stock.

AON Stock Performance

Shares of AON opened at $356.69 on Wednesday. The company has a 50-day simple moving average of $342.62 and a two-hundred day simple moving average of $332.12. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $75.66 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69. Aon plc has a one year low of $304.59 and a one year high of $382.34.

AON (NYSE:AON) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.01. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.49 EPS. On average, analysts anticipate that Aon plc will post 19.08 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $0.82 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is 18.08%.

More AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on AON from $400 to $412 and upgraded the stock to “outperform,” implying significant potential upside from the current valuation. Keefe, Bruyette & Woods raises Aon price target
• Positive Sentiment: Mizuho also lifted its target, increasing it from $426 to $437 while maintaining an “outperform” rating. The revisions indicate analysts see further earnings or valuation upside. Mizuho raises Aon price target
• Positive Sentiment: Goldman Sachs reportedly added AON to its August conviction list, potentially supporting investor interest in the shares. Goldman Sachs conviction list
• Positive Sentiment: Aon launched Future DB, a solution designed to help defined-benefit pension schemes streamline their endgame strategies. The offering could deepen relationships with retirement-plan clients and generate additional consulting revenue. Aon launches Future DB
• Neutral Sentiment: Aon appointed Stephen as CEO of its Indonesia business and promoted Murray to global chief commercial officer for captive and insurance management. The moves may strengthen regional execution and specialty-insurance growth, but their near-term financial impact is unclear. Aon appoints Indonesia CEO
• Neutral Sentiment: One analyst projected FY2028 EPS of $23, above the current-year consensus estimate of $19.09, although the differing forecast periods make the comparison imperfect. Aon’s latest quarter narrowly beat EPS expectations but missed revenue estimates, which may help explain the stock’s softer performance despite constructive long-term commentary.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AON shares. JPMorgan Chase & Co. increased their price objective on AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Friday, July 17th. Cantor Fitzgerald upped their target price on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Mizuho lifted their price target on shares of AON from $426.00 to $437.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of AON from $406.00 to $419.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $410.75.

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.