Northern Trust Corp Buys 131,676 Shares of Aon plc $AON

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Northern Trust Corp increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,290,619 shares of the financial services provider's stock after acquiring an additional 131,676 shares during the quarter. Northern Trust Corp owned approximately 1.06% of AON worth $914,163,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Relyea Zuckerberg Hanson LLC lifted its holdings in AON by 1.9% during the first 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 holdings in AON by 0.4% during the 1st 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 in the last quarter. HHM Wealth Advisors LLC boosted its stake in 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 purchasing an additional 29 shares during the period. Catalyst Financial Partners LLC boosted its stake in AON by 2.6% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider's stock worth $479,000 after purchasing an additional 30 shares during the period. Finally, Wesbanco Bank Inc. boosted its stake in AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after purchasing an additional 31 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

Shares of AON traded down $0.8030 during midday trading on Friday, reaching $374.4670. The stock had a trading volume of 1,190,563 shares, compared to its average volume of 1,472,991. The company's 50-day moving average is $359.36 and its 200 day moving average is $370.57. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $80.75 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.83.

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

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

Several research analysts have commented on AON shares. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and raised their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Evercore ISI raised their target price on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. 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. Wells Fargo & Company restated an "overweight" rating and set a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of "Moderate Buy" and a consensus target price of $409.18.

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.