Jump Financial LLC Grows Stake in Aon plc $AON

Key Points

• Jump Financial LLC significantly increased its holdings in Aon plc by 314.2% in the first quarter, acquiring a total of 8,809 shares valued at approximately $3.5 million.
• A number of institutional investors, including Polen Capital Management LLC and GAMMA Investing LLC, made substantial investments in Aon, indicating strong interest with 86.14% of the stock held by institutional investors.
• Wall Street analysts show a **positive outlook** for Aon, with multiple firms issuing "overweight" ratings and target prices exceeding $400, reflecting strong anticipated growth for the company.

Jump Financial LLC increased its position in Aon plc (NYSE:AON - Free Report) by 314.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,809 shares of the financial services provider's stock after buying an additional 6,682 shares during the quarter. Jump Financial LLC's holdings in AON were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in AON in the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC lifted its position in 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 purchasing an additional 29 shares during the last quarter. Tsfg LLC bought a new stake in AON in the first quarter valued at approximately $37,000. Accent Capital Management LLC bought a new stake in AON in the first quarter valued at approximately $40,000. Finally, Garde Capital Inc. bought a new stake in AON in the first quarter valued at approximately $42,000. Institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Barclays restated an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Piper Sandler upped their target price on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $412.69.

AON Stock Up 0.2%

AON stock traded up $0.62 during midday trading on Friday, hitting $367.16. The stock had a trading volume of 774,627 shares, compared to its average volume of 1,250,791. The firm has a market cap of $79.17 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87. The business has a 50-day moving average of $361.09 and a two-hundred day moving average of $369.75. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. 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 quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping 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 company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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