Aon plc $AON Stock Position Reduced by Ironvine Capital Partners LLC

Key Points

• Ironvine Capital Partners LLC has reduced its stake in Aon plc by 1.8%, owning 105,063 shares valued at approximately $41.93 million, making Aon the firm's 9th largest holding.
• Several large investors are increasing their positions in Aon, including Hancock Whitney Corp (up 9.3%) and Adage Capital Partners GP L.L.C. (up 85.7%), highlighting a strong interest in the company among institutional investors.
• Aon recently reported a quarterly earnings beat with an EPS of $3.49, exceeding expectations, and announced a quarterly dividend of $0.745, reflecting its solid financial position.

Ironvine Capital Partners LLC lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,063 shares of the financial services provider's stock after selling 1,874 shares during the period. AON makes up approximately 4.6% of Ironvine Capital Partners LLC's portfolio, making the stock its 9th biggest holding. Ironvine Capital Partners LLC's holdings in AON were worth $41,930,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC boosted its stake in AON by 1.9% during 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 lifted its stake in shares of AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock worth $2,916,000 after acquiring an additional 29 shares during the period. HHM Wealth Advisors LLC lifted its stake in shares of AON by 54.7% in the 1st 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 during the period. Catalyst Financial Partners LLC lifted its stake in shares of AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock worth $479,000 after acquiring an additional 30 shares during the period. Finally, Wesbanco Bank Inc. lifted 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 worth $4,765,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Down 1.0%

Shares of AON stock traded down $3.81 during trading hours on Tuesday, reaching $366.20. 974,218 shares of the stock traded hands, compared to its average volume of 1,311,052. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The business has a fifty day moving average price of $362.81 and a 200 day moving average price of $368.94. 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 firm has a market capitalization of $78.96 billion, a PE ratio of 30.67, a PEG ratio of 2.20 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the business earned $2.93 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current 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 issued a dividend of $0.745 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

AON has been the subject of a number of research analyst reports. Barclays reaffirmed an "overweight" rating and issued a $420.00 price target (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and upped their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. Citigroup began coverage on shares of AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 target price on the stock. Finally, Piper Sandler boosted their target price on shares of 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, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $412.69.

AON 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.