Kwmg LLC Purchases 255 Shares of Aon plc $AON

Kwmg LLC grew its position in shares of Aon plc (NYSE:AON) by 1.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,488 shares of the financial services provider’s stock after buying an additional 255 shares during the quarter. Kwmg LLC’s holdings in AON were worth $6,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of AON by 1.3% in the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after purchasing an additional 258,699 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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. Polen Capital Management LLC increased its position in shares of AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after purchasing an additional 2,288,397 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AON by 2.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock valued at $954,053,000 after buying an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in AON by 6.1% in the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock valued at $914,163,000 after buying an additional 131,676 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler raised their price objective on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and raised their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Barclays reissued an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, TD Cowen cut their price target on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.69.

AON Stock Up 0.8%

AON stock opened at $354.10 on Tuesday. The stock’s fifty day simple moving average is $363.80 and its two-hundred day simple moving average is $366.02. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The stock has a market cap of $76.35 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.08 and a beta of 0.87.

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. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

About AON

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.