Blue Barn Wealth LLC Acquires Shares of 809 Aon plc (NYSE:AON)

Key Points

• Blue Barn Wealth LLC purchased 809 shares of Aon plc, valued at approximately $323,000, in the first quarter, reflecting a growing interest in the company.
• Several institutional investors have also increased their stakes in Aon, with GAMMA Investing LLC notably growing its position by 56,460.0% during the same period.
• Aon recently announced a quarterly dividend of $0.745 per share, which will be paid on August 15th, representing an annualized yield of 0.8%.

Blue Barn Wealth LLC acquired a new position in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 809 shares of the financial services provider's stock, valued at approximately $323,000.

A number of other institutional investors have also added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new stake in shares of AON in the 1st quarter valued at about $28,000. HHM Wealth Advisors LLC increased its position in shares of AON by 54.7% during the 1st 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 position in shares of AON during the 1st quarter valued at about $37,000. Accent Capital Management LLC bought a new position in shares of AON during the 1st quarter valued at about $40,000. Finally, Garde Capital Inc. bought a new position in shares of AON during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AON. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research report on Tuesday, May 13th. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and increased their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods reduced their price target on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI raised their price target on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $438.00 price target (up from $436.00) on shares of AON in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $409.21.

AON Trading Up 0.2%

Shares of AON stock traded up $0.73 during trading hours on Monday, reaching $367.13. The company's stock had a trading volume of 470,789 shares, compared to its average volume of 1,322,784. The stock has a market capitalization of $79.16 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.83. Aon plc has a one year low of $323.73 and a one year high of $412.97. The firm's fifty day simple moving average is $357.97 and its 200 day simple moving average is $370.73. 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 released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating 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 analyst estimates of $4.16 billion. During the same period in the previous year, the company posted $2.93 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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