MBB Public Markets I LLC Takes $323,000 Position in Aon plc $AON

Key Points

• MBB Public Markets I LLC acquired 810 shares of Aon plc worth approximately $323,000 in the first quarter of the year.
• Aon receives an average rating of "Moderate Buy", with brokerages setting price targets ranging from $402.00 to $438.00.
• The company recently announced a quarterly dividend of $0.745 per share, resulting in a dividend yield of 0.8%.

MBB Public Markets I LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 810 shares of the financial services provider's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of AON by 1.3% in the first quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider's stock valued at $7,893,382,000 after buying an additional 258,699 shares during the period. Bank of New York Mellon Corp lifted its position in shares of AON by 18.3% in the 1st 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 acquiring an additional 469,238 shares during the period. Polen Capital Management LLC increased its position in shares of 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 valued at $1,200,350,000 after purchasing an additional 2,288,397 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 2.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider's stock valued at $954,053,000 after purchasing an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in AON by 6.1% during the first quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider's stock worth $914,163,000 after purchasing an additional 131,676 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AON has been the topic of several research analyst reports. Citigroup assumed coverage on shares of AON in a research note on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective on the stock. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and raised their target price for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Barclays restated an "overweight" rating and set a $420.00 target price (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Evercore ISI increased their target price on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Cantor Fitzgerald raised AON to a "strong-buy" rating in a report on Wednesday, August 13th. One 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $415.50.

AON Trading Down 0.0%

Shares of AON stock traded down $0.13 during trading hours on Friday, hitting $372.12. 844,376 shares of the company's stock traded hands, compared to its average volume of 1,307,129. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. 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 stock has a market cap of $80.24 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The stock's 50 day simple moving average is $363.54 and its 200 day simple moving average is $368.73.

AON (NYSE:AON - Get Free Report) last issued 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. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The business's revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $2.93 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON's dividend payout ratio (DPR) is currently 24.96%.

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.