Aon plc $AON Shares Bought by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly increased its holdings in Aon plc by 817.3% during the first quarter, owning 34,932 shares valued at approximately $13.94 million.
• Aon has received positive ratings from several analysts, with a consensus rating of "Moderate Buy" and a target price of $412.69, indicating strong growth expectations.
• The company recently announced a quarterly dividend of $0.745 per share, translating to an annual yield of 0.8%, with a low dividend payout ratio of 24.96%.

Jones Financial Companies Lllp lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 817.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,932 shares of the financial services provider's stock after buying an additional 31,124 shares during the period. Jones Financial Companies Lllp's holdings in AON were worth $13,941,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Polen Capital Management LLC increased its position in 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 worth $1,200,350,000 after buying an additional 2,288,397 shares in the last quarter. Nuveen LLC purchased a new position in AON during the first quarter worth $505,108,000. Wellington Management Group LLP purchased a new position in AON during the first quarter worth $490,634,000. GAMMA Investing LLC increased its position in AON by 56,460.0% during the first quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after buying an additional 760,516 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in AON by 18.3% during 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 buying an additional 469,238 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.2%

AON stock traded up $0.90 during midday trading on Friday, hitting $373.15. The stock had a trading volume of 390,126 shares, compared to its average volume of 1,304,697. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market cap of $80.46 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.15 and a beta of 0.87. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The business has a fifty day moving average price of $363.54 and a 200 day moving average price of $368.73.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.16 billion during the quarter, compared to analyst estimates 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 in the previous year, the company earned $2.93 earnings per share. Research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued 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 payout ratio is currently 24.96%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays restated an "overweight" rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. 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 lifted their target price on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Morgan Stanley raised AON from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $385.00 to $430.00 in a research report on Thursday. Finally, Citigroup began coverage on AON in a research report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $415.50.

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.