HB Wealth Management LLC Increases Stock Position in Aon plc (NYSE:AON)

Key Points

• HB Wealth Management LLC increased its holdings in Aon plc by 45.8%, owning 7,749 shares valued at approximately $3.09 million as of the latest SEC filing.
• Several institutional investors, including Geode Capital Management LLC and Bank of New York Mellon Corp, have also raised their stakes in AON, demonstrating strong interest in the company.
• Aon recently declared a quarterly dividend of $0.745 per share, marking an annualized dividend yield of 0.80% with a payout ratio of 24.96%.

HB Wealth Management LLC lifted its stake in shares of Aon plc (NYSE:AON - Free Report) by 45.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,749 shares of the financial services provider's stock after acquiring an additional 2,436 shares during the period. HB Wealth Management LLC's holdings in AON were worth $3,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Financial Gravity Asset Management Inc. bought a new stake in AON during the 1st quarter valued at $28,000. Tsfg LLC bought a new stake in AON during the 1st quarter valued at $37,000. Garde Capital Inc. bought a new stake in AON during the 1st quarter valued at $42,000. Nemes Rush Group LLC bought a new stake in shares of AON in the 4th quarter worth $55,000. Finally, Orion Capital Management LLC bought a new stake in shares of AON in the 4th quarter worth $63,000. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research note on Tuesday, May 13th. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and upped their target price for the stock from $400.00 to $426.00 in a research note on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Evercore ISI upped 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. Finally, Wells Fargo & Company restated an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $409.21.

AON Stock Performance

NYSE AON traded up $2.67 during trading on Thursday, hitting $358.01. 472,939 shares of the company's stock traded hands, compared to its average volume of 1,322,881. The stock has a market capitalization of $77.20 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.10 and a beta of 0.84. Aon plc has a 12-month low of $322.95 and a 12-month high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.73 and a current ratio of 1.52. The business has a 50 day moving average of $358.14 and a 200-day moving average of $370.81.

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

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, August 1st. AON's payout ratio is 24.96%.

AON Company 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.