Neuberger Berman Group LLC Has $852.45 Million Stock Holdings in Aon plc (NYSE:AON)

Key Points

• Neuberger Berman Group LLC increased its stake in Aon plc by 0.6%, owning approximately $852.45 million in shares by the end of the last quarter.
• The Goldman Sachs Group upgraded Aon from a "neutral" to a "buy" rating, with a target price of $408.00, reflecting growing confidence among analysts in Aon's stock performance.
• Aon recently reported $3.49 EPS for the last quarter, exceeding estimates and showing a year-over-year revenue growth of 10.5%.

Neuberger Berman Group LLC boosted its holdings in Aon plc (NYSE:AON - Free Report) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,136,107 shares of the financial services provider's stock after acquiring an additional 12,245 shares during the period. AON comprises about 0.7% of Neuberger Berman Group LLC's investment portfolio, making the stock its 18th biggest holding. Neuberger Berman Group LLC owned about 0.99% of AON worth $852,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Relyea Zuckerberg Hanson LLC boosted its position 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 worth $570,000 after acquiring an additional 27 shares during the period. Brighton Jones LLC lifted its position in AON by 0.4% in the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider's stock worth $2,916,000 after purchasing an additional 29 shares during the period. HHM Wealth Advisors LLC boosted its stake in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in shares of AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 30 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its position in AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after buying an additional 31 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of NYSE:AON traded up $0.84 during trading on Friday, reaching $367.19. The stock had a trading volume of 1,181,059 shares, compared to its average volume of 1,546,041. The business's 50-day moving average price is $357.40 and its 200 day moving average price is $370.58. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $79.18 billion, a PE ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.83. 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 announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%. 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 previous year, the business posted $2.93 EPS. The company's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.745 dividend. 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and boosted their price target for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Piper Sandler upped their price target on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Barclays reissued an "overweight" rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Keefe, Bruyette & Woods dropped their target price on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $410.69.

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.