One Wealth Capital Management LLC Buys Shares of 1,764 Aon plc $AON

Key Points

• One Wealth Capital Management LLC has acquired a new stake in Aon plc, purchasing 1,764 shares valued at approximately $704,000.
• Aon reported a quarterly earnings per share of $3.49, exceeding analysts' expectations by $0.09, and the company experienced a 10.5% year-over-year revenue increase.
• In the latest dividend announcement, Aon declared a quarterly dividend of $0.745, which corresponds to an annualized dividend yield of 0.8%.

One Wealth Capital Management LLC bought a new position in Aon plc (NYSE:AON - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,764 shares of the financial services provider's stock, valued at approximately $704,000.

Several other large investors also recently added to or reduced their stakes in the business. Polen Capital Management LLC boosted its holdings in shares of AON by 318.1% during the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider's stock worth $1,200,350,000 after buying an additional 2,288,397 shares during the period. Nuveen LLC acquired a new position in shares of AON in the 1st quarter valued at $505,108,000. Wellington Management Group LLP acquired a new stake in shares of AON during the 1st quarter worth about $490,634,000. GAMMA Investing LLC increased its position in shares of AON by 56,460.0% during the 1st quarter. GAMMA Investing LLC now owns 761,863 shares of the financial services provider's stock worth $304,052,000 after purchasing an additional 760,516 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of AON by 18.3% during 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 purchasing an additional 469,238 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of AON from $411.00 to $421.00 and gave the company 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 report on Thursday, July 31st. Citigroup assumed coverage on shares of AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective on the stock. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and boosted their target price for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Morgan Stanley restated a "cautious" rating on shares of AON in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $412.69.

AON Trading Down 0.3%

Shares of AON stock traded down $1.06 on Thursday, hitting $372.94. The stock had a trading volume of 751,201 shares, compared to its average volume of 1,317,761. The stock has a 50 day moving average of $361.84 and a 200 day moving average of $369.66. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $80.42 billion, a P/E ratio of 31.23, a PEG ratio of 2.17 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share 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 the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid 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 dividend payout ratio (DPR) 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.