Qtron Investments LLC Buys 1,432 Shares of Aon plc $AON

Key Points

• Qtron Investments LLC significantly increased its holdings in Aon plc by 114.0% during the 1st quarter, now owning a total of 2,688 shares valued at $1,073,000.
• Aon reported a 10.5% increase in revenue year-over-year for the recent quarter, achieving $4.16 billion and EPS of $3.49, surpassing analyst expectations.
• The company declared a quarterly dividend of $0.745 per share, with a current dividend yield of 0.8% and a payout ratio of 24.96%.

Qtron Investments LLC lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 114.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,688 shares of the financial services provider's stock after purchasing an additional 1,432 shares during the period. Qtron Investments LLC's holdings in AON were worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Polen Capital Management LLC lifted 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 valued at $1,200,350,000 after purchasing an additional 2,288,397 shares in the last quarter. Nuveen LLC bought a new stake in shares of AON during the 1st quarter valued at $505,108,000. GAMMA Investing LLC lifted 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 valued at $304,052,000 after acquiring an additional 760,516 shares during the period. First Trust Advisors LP raised its holdings in shares of AON by 5,877.4% during the 4th quarter. First Trust Advisors LP now owns 536,174 shares of the financial services provider's stock worth $192,572,000 after buying an additional 527,204 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in AON by 18.3% in 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. Institutional investors own 86.14% of the company's stock.

AON Stock Up 0.2%

AON opened at $367.19 on Monday. The company has a market cap of $79.18 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.83. The business's 50-day moving average price is $357.40 and its 200-day moving average price is $370.60. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the business earned $2.93 EPS. AON's revenue was up 10.5% compared to the same quarter last year. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup initiated coverage on AON in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target for the company. Evercore ISI raised their target price on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods cut their price target on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and lifted their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald raised AON to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $410.69.

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.

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