Scientech Research LLC Buys Shares of 2,176 Aon plc $AON

Scientech Research LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,176 shares of the financial services provider's stock, valued at approximately $868,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $7,893,382,000 after purchasing an additional 258,699 shares during the period. Bank of New York Mellon Corp raised 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 valued at $1,210,864,000 after purchasing an additional 469,238 shares during the period. Polen Capital Management LLC raised 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 valued at $1,200,350,000 after purchasing an additional 2,288,397 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 purchasing an additional 61,350 shares during the period. Finally, Northern Trust Corp lifted its position in shares of AON by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock worth $914,163,000 after purchasing an additional 131,676 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of NYSE:AON traded up $0.65 during trading on Friday, reaching $372.90. The stock had a trading volume of 390,126 shares, compared to its average volume of 1,304,697. The business's 50-day moving average price is $363.54 and its 200 day moving average price is $368.73. The stock has a market capitalization of $80.41 billion, a PE ratio of 31.23, a P/E/G ratio of 2.15 and a beta of 0.87. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $2.93 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.745 dividend. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's dividend payout ratio (DPR) is 24.96%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Piper Sandler increased their price target on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Citigroup began coverage on shares of AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target for the company. Barclays reissued an "overweight" rating and issued a $420.00 price target (up from $401.00) on shares of AON in a report on Thursday, July 31st. Finally, Evercore ISI increased their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $415.50.

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.