Copperwynd Financial LLC Purchases New Shares in Aon plc $AON

Key Points

• Copperwynd Financial LLC acquired 2,693 shares of Aon plc worth approximately $961,000 during the 2nd quarter, reflecting growing institutional interest in the company.
• Aon has received a consensus rating of "Moderate Buy" from analysts, with a significant price target increase from $385 to $430 by Morgan Stanley.
• The company announced a quarterly dividend of $0.745 per share, resulting in an annual yield of 0.8% and demonstrating a dividend payout ratio of 24.96%.

Copperwynd Financial LLC purchased a new stake in Aon plc (NYSE:AON - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,693 shares of the financial services provider's stock, valued at approximately $961,000.

A number of other institutional investors have also added to or reduced their stakes in AON. Vanguard Group Inc. grew its position in shares of AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider's stock worth $7,893,382,000 after buying an additional 258,699 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 worth $1,210,864,000 after purchasing an additional 469,238 shares during the period. Polen Capital Management LLC increased its stake 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 in 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 boosted its position in shares of AON by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock worth $914,163,000 after purchasing an additional 131,676 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Evercore ISI lifted their price target on AON from $421.00 to $427.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Citigroup initiated coverage on AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of AON in a research report on Wednesday. Finally, Morgan Stanley raised AON from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AON has a consensus rating of "Moderate Buy" and an average price target of $415.69.

AON Trading Down 0.4%

AON stock opened at $365.36 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a one year low of $323.73 and a one year high of $412.97. The stock has a market capitalization of $78.78 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The business's fifty day moving average is $364.18 and its 200 day moving average is $363.48.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS 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 analysts' expectations of $4.16 billion. During the same period last year, the firm posted $2.93 earnings per share. AON's revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON's dividend payout ratio (DPR) is presently 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.

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