Aon plc (NYSE:AON) Shares Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group Inc. RI increased its stake in Aon plc by 3.6% during the 1st quarter, holding a total of 26,082 shares valued at approximately $10.4 million.
• Aon recently declared a quarterly dividend of $0.745 per share, with a payout ratio of 24.96%, and shareholders will receive this on August 15th.
• Analysts have shown positivity towards Aon, with the stock receiving multiple "overweight" ratings and a consensus price target around $409.21.

Citizens Financial Group Inc. RI grew its holdings in shares of Aon plc (NYSE:AON - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,082 shares of the financial services provider's stock after purchasing an additional 901 shares during the period. Citizens Financial Group Inc. RI's holdings in AON were worth $10,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Relyea Zuckerberg Hanson LLC grew its holdings in AON by 1.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider's stock valued at $570,000 after buying an additional 27 shares in the last quarter. Value Partners Investments Inc. boosted its position in shares of AON by 1.9% during the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 28 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of AON by 0.4% in the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock valued at $2,916,000 after purchasing an additional 29 shares during the period. HHM Wealth Advisors LLC increased its position in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 30 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Up 0.4%

Shares of AON stock traded up $1.36 during trading hours on Friday, reaching $366.39. 1,095,233 shares of the stock were exchanged, compared to its average volume of 1,402,192. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The business's fifty day moving average is $357.97 and its two-hundred day moving average is $370.66. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $79.00 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.16 and a beta of 0.83.

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

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be 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 of this dividend is Friday, August 1st. AON's dividend payout ratio (DPR) is 24.96%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AON shares. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research report on Tuesday, May 13th. Evercore ISI lifted their target price 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 increased their price target on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and boosted their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Barclays reaffirmed an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $409.21.

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.