Norden Group LLC Acquires 5,818 Shares of Aon plc (NYSE:AON)

Key Points

• Norden Group LLC significantly increased its stake in Aon plc by acquiring **5,818 shares**, resulting in a total of **6,474 shares** valued at approximately **$2.58 million**.
• Aon reported an **earnings per share (EPS)** of **$3.49** for the last quarter, surpassing analyst expectations, with year-over-year revenue growth of **10.5%**.
• The company declared a quarterly dividend of **$0.745 per share**, with a **dividend yield of 0.80%**, emphasizing a relatively low payout ratio of **24.96%**.

Norden Group LLC boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 886.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,474 shares of the financial services provider's stock after acquiring an additional 5,818 shares during the quarter. Norden Group LLC's holdings in AON were worth $2,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON in the first quarter valued at approximately $28,000. Tsfg LLC bought a new position in AON in the 1st quarter valued at $37,000. Garde Capital Inc. acquired a new stake in shares of AON in the 1st quarter valued at $42,000. Nemes Rush Group LLC bought a new stake in shares of AON during the fourth quarter worth $55,000. Finally, Orion Capital Management LLC acquired a new position in shares of AON during the fourth quarter valued at $63,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Trading Up 4.5%

AON opened at $372.71 on Monday. The firm's fifty day moving average is $358.28 and its two-hundred day moving average is $370.90. The firm has a market cap of $80.48 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84. Aon plc has a twelve month low of $304.12 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.73 and a current ratio of 1.52.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, August 1st. AON's dividend payout ratio (DPR) is presently 24.96%.

Analyst Ratings Changes

AON has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group raised their target price on shares of AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Evercore ISI dropped their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Barclays cut their price objective on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Finally, The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $403.00.

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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