Aon plc (NYSE:AON) Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC grew its holdings in shares of Aon plc (NYSE:AON) by 45.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,749 shares of the financial services provider’s stock after buying an additional 2,436 shares during the period. HB Wealth Management LLC’s holdings in AON were worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Geode Capital Management LLC grew its stake in shares of AON by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock worth $1,773,165,000 after purchasing an additional 627,742 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in AON by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after purchasing an additional 469,238 shares during the period. Northern Trust Corp grew its position in AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider’s stock valued at $775,406,000 after buying an additional 183,442 shares in the last quarter. Neuberger Berman Group LLC increased its stake in AON by 4.2% during the 4th quarter. Neuberger Berman Group LLC now owns 2,123,862 shares of the financial services provider’s stock valued at $762,796,000 after buying an additional 86,148 shares during the period. Finally, WCM Investment Management LLC raised its position in shares of AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after buying an additional 6,038 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AON has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a report on Friday, April 11th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Evercore ISI cut their price objective on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Barclays lowered their target price on AON from $415.00 to $401.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods cut their price target on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $403.00.

AON Stock Performance

AON stock opened at $372.71 on Monday. Aon plc has a fifty-two week low of $304.12 and a fifty-two week high of $412.97. The firm’s 50 day simple moving average is $358.28 and its 200-day simple moving average is $370.90. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.73. The company has a market cap of $80.48 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84.

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

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, August 1st. AON’s payout ratio is 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.