Goldman Sachs Group Inc. Raises Stock Holdings in Aon plc (NYSE:AON)

Goldman Sachs Group Inc. raised its stake in Aon plc (NYSE:AON - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,152,300 shares of the financial services provider's stock after purchasing an additional 31,901 shares during the period. Goldman Sachs Group Inc. owned 0.53% of AON worth $459,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. purchased a new position in shares of AON in the 1st quarter worth approximately $28,000. HHM Wealth Advisors LLC boosted its stake in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 29 shares in the last quarter. Tsfg LLC purchased a new position in AON in the first quarter worth $37,000. Accent Capital Management LLC purchased a new stake in shares of AON during the 1st quarter valued at $40,000. Finally, Garde Capital Inc. acquired a new stake in shares of AON in the 1st quarter worth $42,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.3%

Shares of AON stock opened at $364.85 on Friday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. 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 stock has a market cap of $78.67 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. The firm has a fifty day moving average price of $358.09 and a 200 day moving average price of $370.67.

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, beating the consensus estimate of $3.40 by $0.09. The business 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%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 EPS. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued 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 payout ratio is 24.96%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AON. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and upped their target price for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Barclays reaffirmed an "overweight" rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Evercore ISI boosted their target price on shares of AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Piper Sandler boosted their price objective on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.

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