Markel Group Inc. Buys 350 Shares of Aon plc $AON

Markel Group Inc. grew its holdings in shares of Aon plc (NYSE:AON) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 129,800 shares of the financial services provider’s stock after purchasing an additional 350 shares during the period. Markel Group Inc.’s holdings in AON were worth $46,307,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON during the first quarter valued at $28,000. Saudi Central Bank bought a new position in shares of AON during the first quarter valued at $31,000. Pinnacle Bancorp Inc. raised its stake in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of AON during the second quarter worth $32,000. Finally, HHM Wealth Advisors LLC increased its position in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after buying an additional 29 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore ISI raised their price target on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Citigroup started coverage on shares of AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. Piper Sandler raised their price target on shares of AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Barclays reaffirmed an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

AON Price Performance

AON opened at $330.16 on Wednesday. The company has a market capitalization of $71.19 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.98 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a 50-day moving average price of $359.26 and a 200-day moving average price of $359.58. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 24.96%.

AON 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.