Arlington Partners LLC Grows Holdings in Aon plc $AON

Key Points

• Arlington Partners LLC increased its stake in Aon plc by 10.4% during the second quarter, now holding 12,704 shares valued at approximately $4.53 million.
• Aon recently reported earnings of $3.49 per share, surpassing analysts' expectations, with a revenue of $4.16 billion reflecting a 10.5% year-over-year increase.
• The company declared a quarterly dividend of $0.745 per share, with a current annualized dividend of $2.98 and a yield of 0.9%.

Arlington Partners LLC grew its stake in shares of Aon plc (NYSE:AON - Free Report) by 10.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,704 shares of the financial services provider's stock after buying an additional 1,198 shares during the quarter. AON makes up 1.7% of Arlington Partners LLC's holdings, making the stock its 21st biggest holding. Arlington Partners LLC's holdings in AON were worth $4,532,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AON. Financial Gravity Asset Management Inc. bought a new position in AON in the first quarter valued at about $28,000. Saudi Central Bank acquired a new position in shares of AON in the first quarter valued at approximately $31,000. HHM Wealth Advisors LLC raised its holdings in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after purchasing an additional 33 shares during the period. Finally, Tsfg LLC acquired a new stake in AON in the first quarter valued at $37,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

AON has been the topic of a number of analyst reports. Piper Sandler upped their price target on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup began coverage on shares of AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target on the stock. Evercore ISI lifted their target price on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 price target (up from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, Morgan Stanley raised AON from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $414.69.

AON Stock Up 0.8%

NYSE:AON traded up $2.78 on Monday, hitting $354.10. The stock had a trading volume of 1,275,900 shares, compared to its average volume of 1,154,699. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The business's fifty day moving average is $363.80 and its 200 day moving average is $366.02. The company has a market cap of $76.35 billion, a PE ratio of 29.66, a P/E/G ratio of 2.08 and a beta of 0.87.

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, topping analysts' consensus estimates 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 analyst estimates of $4.16 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. AON's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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