Leith Wheeler Investment Counsel Ltd. Takes $314,000 Position in Aon plc (NYSE:AON)

Key Points

• Leith Wheeler Investment Counsel Ltd. has acquired a new stake in Aon plc, purchasing 788 shares valued at approximately $314,000.
• Aon reported a 10.5% year-over-year revenue increase with an EPS of $3.49, surpassing analysts' expectations.
• The company announced a quarterly dividend of $0.745 per share, with a dividend yield of 0.8%.

Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 788 shares of the financial services provider's stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. purchased a new stake in AON in the 1st quarter worth $28,000. HHM Wealth Advisors LLC increased its holdings 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 buying an additional 29 shares during the last quarter. Tsfg LLC bought a new stake in shares of AON in the 1st quarter worth about $37,000. Accent Capital Management LLC bought a new stake in shares of AON in the 1st quarter worth about $40,000. Finally, Garde Capital Inc. bought a new stake in shares of AON in the 1st quarter worth about $42,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 1.1%

NYSE AON opened at $364.17 on Wednesday. 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 cap of $78.53 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.18 and a beta of 0.83. The company has a 50 day moving average price of $357.60 and a 200 day moving average price of $370.68. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping 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 net margin of 15.54% and a return on equity of 50.91%. AON's revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.93 EPS. As a group, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid 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 is Friday, August 1st. AON's payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research reports. 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. Cantor Fitzgerald began coverage on shares of AON in a report on Tuesday. They set an "overweight" rating and a $440.00 price target on the stock. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Keefe, Bruyette & Woods cut their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Barclays reiterated an "overweight" rating and set a $420.00 price target (up from $401.00) on shares of AON in a report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $411.27.

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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