Vanguard Group Inc. Buys 511,292 Shares of Aon plc $AON

Vanguard Group Inc. raised its position in Aon plc (NYSE:AON) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,289,743 shares of the financial services provider’s stock after buying an additional 511,292 shares during the period. Vanguard Group Inc. owned about 9.41% of AON worth $7,238,569,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AON. Saudi Central Bank bought a new position in AON in the first quarter valued at about $31,000. HHM Wealth Advisors LLC raised its holdings in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in AON during the 2nd quarter valued at about $31,000. Trust Co. of Toledo NA OH acquired a new stake in AON during the 2nd quarter worth $32,000. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wolfe Research assumed coverage on AON in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Piper Sandler raised their target price on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Barclays reaffirmed an “overweight” rating and issued a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $419.13.

AON Trading Down 0.5%

NYSE AON opened at $348.23 on Wednesday. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $74.85 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.92 and a beta of 0.86. The stock’s 50-day moving average is $351.11 and its 200-day moving average is $357.56.

AON (NYSE:AON) last posted its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the business earned $2.72 EPS. AON’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

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.