Aon plc $AON Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Aon plc by 10.3%, acquiring an additional 75,797 shares, bringing its total holdings to 812,713 shares valued at approximately $324.3 million.
• Aon recently reported earnings of $3.49 per share for the last quarter, exceeding analysts' estimates, alongside a 10.5% year-over-year revenue increase.
• Aon declared a quarterly dividend of $0.745 per share, representing an annual yield of 0.8% with a payout ratio of 24.96%.

Dimensional Fund Advisors LP raised its stake in Aon plc (NYSE:AON - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 812,713 shares of the financial services provider's stock after purchasing an additional 75,797 shares during the quarter. Dimensional Fund Advisors LP owned 0.38% of AON worth $324,309,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AON. Relyea Zuckerberg Hanson LLC grew its stake in shares of 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 purchasing an additional 27 shares during the period. Brighton Jones LLC grew its position in 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 acquiring an additional 29 shares during the period. HHM Wealth Advisors LLC raised its stake 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 acquiring an additional 29 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after acquiring an additional 30 shares during the period. Finally, Wesbanco Bank Inc. boosted its stake in shares of AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock valued at $4,765,000 after purchasing an additional 31 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

AON stock traded up $0.9720 on Thursday, reaching $374.9720. 427,125 shares of the company's stock were exchanged, compared to its average volume of 1,328,948. The firm has a market cap of $80.85 billion, a PE ratio of 31.41, a P/E/G ratio of 2.21 and a beta of 0.83. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock has a fifty day moving average of $358.54 and a 200-day moving average of $370.60. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

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

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.745 dividend. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's dividend payout ratio (DPR) is presently 24.96%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company reiterated an "overweight" rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and increased their target price for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Piper Sandler lifted their target price on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, AON presently has a consensus rating of "Moderate Buy" and an average price target of $409.18.

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.