Aon plc $AON Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Aon plc by 12.3% in the first quarter, bringing its holdings to 24,086 shares worth approximately $9.61 million.
• Aon recently reported earnings of $3.49 per share, exceeding analyst expectations, and its revenue was also up 10.5% year-over-year at $4.16 billion.
• The firm announced a quarterly dividend of $0.745 per share, resulting in an annualized dividend yield of 0.8%.

Ethic Inc. increased its holdings in Aon plc (NYSE:AON - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 24,086 shares of the financial services provider's stock after buying an additional 2,632 shares during the quarter. Ethic Inc.'s holdings in AON were worth $9,606,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mariner LLC lifted its position in shares of AON by 3.6% during the 4th quarter. Mariner LLC now owns 45,619 shares of the financial services provider's stock valued at $16,385,000 after buying an additional 1,566 shares in the last quarter. Jump Financial LLC increased its position in shares of AON by 8.2% during the 4th quarter. Jump Financial LLC now owns 2,127 shares of the financial services provider's stock valued at $764,000 after purchasing an additional 162 shares during the last quarter. Gabelli Funds LLC purchased a new position in shares of AON during the 4th quarter worth about $3,031,000. United Capital Financial Advisors LLC grew its position in AON by 10.2% in the 4th 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 last quarter. Finally, NewEdge Advisors LLC grew its position in AON by 9.8% in the 4th quarter. NewEdge Advisors LLC now owns 12,064 shares of the financial services provider's stock valued at $4,333,000 after acquiring an additional 1,075 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

Shares of NYSE:AON traded up $7.4350 during trading on Tuesday, hitting $372.8050. The stock had a trading volume of 1,015,070 shares, compared to its average volume of 1,335,774. The stock has a 50-day simple moving average of $357.64 and a two-hundred day simple moving average of $370.56. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $80.39 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97.

AON (NYSE:AON - Get Free Report) last announced 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. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $2.93 earnings per share. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.745 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON's payout ratio is currently 24.96%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AON shares. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and raised their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Piper Sandler raised their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Evercore ISI raised their price objective on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, Citigroup started coverage on AON in a research report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.