Aon plc $AON Shares Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its Aon position by 20.9% in the first quarter, bringing its holdings to 22,496 shares valued at approximately $7.26 million. Institutional investors and hedge funds collectively own 86.14% of AON.
• Aon reported quarterly earnings of $3.81 per share, narrowly exceeding estimates, while revenue rose 2.2% year over year to $4.25 billion but fell short of expectations.
• AON shares recently traded at $355.61, and analysts maintain a “Moderate Buy” consensus with an average price target of $410.75. The company also pays a quarterly dividend of $0.82, yielding 0.9% annually.

Empowered Funds LLC boosted its position in Aon plc (NYSE:AON - Free Report) by 20.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,496 shares of the financial services provider's stock after purchasing an additional 3,892 shares during the quarter. Empowered Funds LLC's holdings in AON were worth $7,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AON. Parallel Advisors LLC increased its position in AON by 6.0% during the first quarter. Parallel Advisors LLC now owns 2,081 shares of the financial services provider's stock worth $672,000 after purchasing an additional 117 shares during the last quarter. Caerus Investment Advisors LLC purchased a new stake in shares of AON during the 1st quarter valued at $286,000. Financial Solutions Advisory Group Inc. acquired a new stake in shares of AON during the 1st quarter worth $262,000. Carlson Capital L.P. raised its position in shares of AON by 83.3% in the 1st quarter. Carlson Capital L.P. now owns 1,100 shares of the financial services provider's stock worth $355,000 after buying an additional 500 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in AON by 16.3% in the first quarter. Glenmede Trust Co. NA now owns 56,358 shares of the financial services provider's stock valued at $18,191,000 after acquiring an additional 7,890 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 0.4%

Shares of NYSE:AON opened at $355.61 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company's 50-day moving average price is $348.55 and its 200 day moving average price is $333.12. The company has a market cap of $75.43 billion, a PE ratio of 19.60, a P/E/G ratio of 1.84 and a beta of 0.69. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $382.34.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating analysts' consensus estimates of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company earned $3.49 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 19.05 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 3rd. AON's dividend payout ratio (DPR) is presently 18.08%.

Insider Buying and Selling at AON

In other AON news, General Counsel Darren Zeidel sold 1,950 shares of AON stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $372.05, for a total transaction of $725,497.50. Following the transaction, the general counsel directly owned 13,404 shares in the company, valued at approximately $4,986,958.20. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 4,450 shares of company stock valued at $1,659,242 over the last quarter. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. Roth Capital restated a "buy" rating and issued a $420.00 price target on shares of AON in a report on Friday, July 31st. Mizuho boosted their price objective on shares of AON from $426.00 to $437.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. UBS Group raised their target price on shares of AON from $383.00 to $387.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Cantor Fitzgerald lifted their target price on shares of AON from $416.00 to $445.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Finally, Morgan Stanley increased their price target on AON from $370.00 to $380.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, AON currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.75.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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