Junto Capital Management LP Acquires Shares of 188,993 Aon plc $AON

Key Points

• Junto Capital Management LP has purchased 188,993 shares of Aon plc valued at approximately $75.4 million, now holding 1.6% of its investment portfolio in AON.
• Analysts have set a consensus price target of $412.69 for AON, with varying ratings including one Strong Buy and eight Buys.
• Aon recently announced a quarterly dividend of $0.745, representing an annual yield of 0.8% and a payout ratio of 24.96%.

Junto Capital Management LP purchased a new stake in Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 188,993 shares of the financial services provider's stock, valued at approximately $75,425,000. AON makes up about 1.6% of Junto Capital Management LP's holdings, making the stock its 18th largest position. Junto Capital Management LP owned about 0.09% of AON as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON during the first quarter worth about $28,000. HHM Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 29 shares in the last quarter. Tsfg LLC acquired a new stake in shares of AON during the first quarter worth about $37,000. Accent Capital Management LLC purchased a new position in shares of AON during the first quarter worth about $40,000. Finally, Garde Capital Inc. purchased a new stake in AON in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Up 0.6%

AON stock traded up $2.13 during trading on Wednesday, reaching $374.09. 1,178,570 shares of the company's stock were exchanged, compared to its average volume of 1,320,855. The company's 50-day moving average is $361.45 and its two-hundred day moving average is $369.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market cap of $80.67 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.17 and a beta of 0.87.

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, topping 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 firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the company earned $2.93 EPS. The firm's revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

Wall Street Analyst Weigh In

AON has been the topic of several recent analyst reports. Piper Sandler boosted 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 reiterated a "cautious" rating on shares of AON in a research report on Monday, August 18th. Barclays reiterated an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Evercore ISI lifted their price objective on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AON currently has an average 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.