8,107 Shares in Aon plc (NYSE:AON) Bought by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation acquired 8,107 shares of Aon plc, valued at approximately $3.24 million, during the first quarter.
• Analysts have set new price targets for AON, with Barclays raising theirs to $420.00 and maintaining an "overweight" rating.
• Aon plc recently announced a quarterly dividend of $0.745 per share, reflecting an annualized yield of 0.8% and a payout ratio of 24.96%.

Zions Bancorporation National Association UT acquired a new stake in shares of Aon plc (NYSE:AON - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,107 shares of the financial services provider's stock, valued at approximately $3,235,000.

A number of other large investors have also added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. purchased a new position in AON during the first quarter valued at $28,000. HHM Wealth Advisors LLC lifted its position in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 29 shares in the last quarter. Tsfg LLC purchased a new position in shares of AON in the first quarter valued at about $37,000. Accent Capital Management LLC purchased a new position in shares of AON in the first quarter valued at about $40,000. Finally, Garde Capital Inc. purchased a new stake in shares of AON in the first quarter worth about $42,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AON shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research report on Tuesday, May 13th. Piper Sandler boosted their target price on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and boosted their target price for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, Barclays reissued an "overweight" rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $409.21.

AON Price Performance

AON traded up $1.59 during trading on Monday, reaching $367.99. The company's stock had a trading volume of 1,274,729 shares, compared to its average volume of 1,414,090. 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 fifty day simple moving average of $357.97 and a two-hundred day simple moving average of $370.73. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a market cap of $79.35 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.17 and a beta of 0.83.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.93 earnings per share. As a group, analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.745 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON's payout ratio 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.