Aon plc $AON Stock Position Lifted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its holdings in Aon plc by 7.6%, owning over 1.37 million shares valued at approximately $546.96 million as of the latest SEC filing.
• Aon plc reported a Q2 EPS of $3.49, exceeding estimates by $0.09, with a 10.5% year-over-year revenue growth of $4.16 billion.
• The company announced a quarterly dividend of $0.745 per share, reflecting a 0.8% dividend yield, with a payout ratio of 24.96%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Aon plc (NYSE:AON - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,370,523 shares of the financial services provider's stock after purchasing an additional 96,573 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.63% of AON worth $546,962,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of AON by 1.3% in the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider's stock worth $7,893,382,000 after purchasing an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AON by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider's stock valued at $1,210,864,000 after buying an additional 469,238 shares during the period. Polen Capital Management LLC lifted its holdings in shares of AON by 318.1% during the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider's stock valued at $1,200,350,000 after purchasing an additional 2,288,397 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AON by 2.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider's stock valued at $954,053,000 after purchasing an additional 61,350 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of AON by 6.1% during the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock valued at $914,163,000 after purchasing an additional 131,676 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of NYSE:AON opened at $366.20 on Wednesday. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The firm has a market capitalization of $78.96 billion, a PE ratio of 30.67, a PEG ratio of 2.19 and a beta of 0.87. The business's 50 day moving average is $363.00 and its 200-day moving average is $368.92. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $2.93 EPS. Sell-side analysts predict 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 was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AON shares. 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 raised AON to a "strong-buy" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. Morgan Stanley reissued a "cautious" rating on shares of AON in a report on Monday, August 18th. Finally, Barclays reaffirmed an "overweight" rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. One investment 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 given a Sell rating to the stock. According to MarketBeat, AON presently has a consensus rating of "Moderate Buy" and an average price target of $412.69.

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.

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