3,301 Shares in Aon plc $AON Purchased by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC acquired 3,301 shares of Aon plc, valued at approximately $1,178,000, as reported in their recent 13F filing.
• Aon has a current consensus rating of "Moderate Buy" from research analysts, with a price target of $420.00, despite recent price adjustments by various firms.
• The company announced a quarterly dividend of $0.745 per share, representing a 0.8% yield, with the payment scheduled for November 14th to investors of record on November 3rd.

Morningstar Investment Management LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,301 shares of the financial services provider's stock, valued at approximately $1,178,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NorthRock Partners LLC grew its position in AON by 26.1% during the second quarter. NorthRock Partners LLC now owns 4,599 shares of the financial services provider's stock worth $1,640,000 after buying an additional 951 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in AON by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,652 shares of the financial services provider's stock worth $6,654,000 after buying an additional 100 shares in the last quarter. Vest Financial LLC grew its position in AON by 16.1% during the second quarter. Vest Financial LLC now owns 662 shares of the financial services provider's stock worth $236,000 after buying an additional 92 shares in the last quarter. Yousif Capital Management LLC grew its position in AON by 0.3% during the second quarter. Yousif Capital Management LLC now owns 29,292 shares of the financial services provider's stock worth $10,450,000 after buying an additional 99 shares in the last quarter. Finally, MOKAN Wealth Management Inc. grew its position in AON by 20.3% during the second quarter. MOKAN Wealth Management Inc. now owns 3,714 shares of the financial services provider's stock worth $1,324,000 after buying an additional 628 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AON. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a report on Wednesday, August 13th. TD Cowen cut their price objective on AON from $427.00 to $419.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Wells Fargo & Company cut their price objective on AON from $451.00 to $448.00 and set an "overweight" rating for the company in a report on Wednesday, October 8th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective for the company. Finally, Evercore ISI upped their price objective on AON from $421.00 to $427.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $420.00.

AON Trading Down 1.9%

Shares of AON stock opened at $353.44 on Tuesday. The stock has a market capitalization of $76.21 billion, a PE ratio of 29.60, a P/E/G ratio of 2.14 and a beta of 0.89. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The business has a 50-day moving average of $364.27 and a 200 day moving average of $362.24. 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 (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 EPS. As a group, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's dividend payout ratio is currently 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.

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