Aon plc (NYSE:AON) Shares Purchased by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Aon plc by 1,934.7%, acquiring a total of 327,323 shares valued at approximately $130.6 million.
• Analysts have issued a consensus target price of $410.69 for Aon, with ratings ranging from "sell" to "strong buy."
• Aon recently reported an earnings per share of $3.49 for the last quarter, exceeding expectations and highlighting a 10.5% year-over-year revenue increase.

Kovitz Investment Group Partners LLC boosted its holdings in Aon plc (NYSE:AON - Free Report) by 1,934.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 327,323 shares of the financial services provider's stock after purchasing an additional 311,236 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.15% of AON worth $130,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AON. Mariner LLC increased its stake in AON by 3.6% in the fourth quarter. Mariner LLC now owns 45,619 shares of the financial services provider's stock valued at $16,385,000 after purchasing an additional 1,566 shares during the last quarter. Jump Financial LLC grew its position in AON by 8.2% during the fourth quarter. Jump Financial LLC now owns 2,127 shares of the financial services provider's stock valued at $764,000 after acquiring an additional 162 shares during the period. Gabelli Funds LLC purchased a new stake in AON during the fourth quarter valued at about $3,031,000. United Capital Financial Advisors LLC grew its position in AON by 10.2% during the fourth quarter. United Capital Financial Advisors LLC now owns 5,625 shares of the financial services provider's stock valued at $2,020,000 after acquiring an additional 520 shares during the period. Finally, Regal Investment Advisors LLC purchased a new stake in AON during the fourth quarter valued at about $1,009,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AON. Barclays reissued an "overweight" rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Citigroup began coverage on AON in a research report on Wednesday. They set a "neutral" rating and a $402.00 price target for the company. Evercore ISI boosted their price target on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Piper Sandler boosted 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. Finally, Keefe, Bruyette & Woods decreased their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $410.69.

AON Trading Up 1.9%

NYSE:AON opened at $370.88 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a one year low of $323.73 and a one year high of $412.97. The business's 50-day simple moving average is $357.55 and its 200 day simple moving average is $370.68. The stock has a market cap of $79.97 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83.

AON (NYSE:AON - Get Free Report) last released its quarterly 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. AON had a return on equity of 50.91% and a net margin of 15.54%. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the previous year, the firm posted $2.93 earnings per share. The company's revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.745 per share. The ex-dividend date is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's dividend payout ratio is presently 24.96%.

About AON

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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