Aon plc $AON Holdings Boosted by Night Owl Capital Management LLC

Key Points

• Night Owl Capital Management LLC increased its stake in Aon plc by 3.9%, now holding 158,553 shares, which constitutes approximately 7.9% of its investment portfolio.
• Aon recently reported a quarterly EPS of $3.49, beating expectations, with a significant 10.5% year-over-year revenue increase.
• Aon also announced a quarterly dividend of $0.745 per share, reflecting a dividend yield of 0.8% with a payout ratio of 24.96%.

Night Owl Capital Management LLC grew its position in shares of Aon plc (NYSE:AON - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,553 shares of the financial services provider's stock after buying an additional 5,903 shares during the period. AON accounts for 7.9% of Night Owl Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Night Owl Capital Management LLC owned about 0.07% of AON worth $63,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AON. Aptus Capital Advisors LLC increased its stake in AON by 27.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,322 shares of the financial services provider's stock worth $475,000 after acquiring an additional 288 shares during the last quarter. Benjamin Edwards Inc. increased its stake in AON by 7.7% in the 4th quarter. Benjamin Edwards Inc. now owns 697 shares of the financial services provider's stock worth $251,000 after acquiring an additional 50 shares during the last quarter. Baird Financial Group Inc. increased its stake in AON by 10.7% in the 4th quarter. Baird Financial Group Inc. now owns 26,274 shares of the financial services provider's stock worth $9,437,000 after acquiring an additional 2,547 shares during the last quarter. Cetera Investment Advisers increased its stake in AON by 34.1% in the 4th quarter. Cetera Investment Advisers now owns 25,991 shares of the financial services provider's stock worth $9,335,000 after acquiring an additional 6,605 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of AON by 23.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,488,054 shares of the financial services provider's stock valued at $534,449,000 after purchasing an additional 286,147 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

AON has been the topic of several recent research reports. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and increased their price objective for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Piper Sandler increased their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company restated an "overweight" rating and set a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, Barclays restated an "overweight" rating and set a $420.00 target price (up from $401.00) on shares of AON in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $412.69.

AON Stock Down 0.9%

AON stock traded down $3.35 on Wednesday, reaching $363.03. 355,666 shares of the company traded hands, compared to its average volume of 1,305,558. Aon plc has a one year low of $323.73 and a one year high of $412.97. 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 company has a market cap of $78.28 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 2.19 and a beta of 0.87. The firm has a fifty day simple moving average of $363.00 and a 200-day simple moving average of $368.92.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The business 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%.The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.93 EPS. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced 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. The ex-dividend date was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON's payout ratio is 24.96%.

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.