Quarry LP Makes New $399,000 Investment in Aon plc $AON

Key Points

• Quarry LP has acquired a new stake in Aon plc, purchasing 999 shares valued at approximately $399,000.
• Several institutional investors significantly boosted their holdings in Aon during the 1st quarter, with Portside Wealth Group LLC increasing its shares by 530.6%.
• Aon has received various analyst ratings, with Wells Fargo raising its price target to $438.00 and the stock currently holding an average rating of "Moderate Buy."

Quarry LP acquired a new stake in Aon plc (NYSE:AON - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 999 shares of the financial services provider's stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC raised its stake 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 purchasing an additional 27 shares during the period. Brighton Jones LLC raised its stake in AON by 0.4% during the first 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 during the period. HHM Wealth Advisors LLC raised its stake in AON by 54.7% during the first 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 raised its stake in AON by 2.6% during the first 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. increased its position in shares of AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider's stock worth $4,765,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

AON has been the subject of several recent research reports. Piper Sandler increased their price objective on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Morgan Stanley reissued a "cautious" rating on shares of AON in a research report on Monday, August 18th. Citigroup initiated coverage on shares of AON in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective for the company. Finally, Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of "Moderate Buy" and a consensus target price of $412.69.

AON Stock Down 0.3%

AON traded down $1.06 during trading hours on Thursday, reaching $372.94. 751,201 shares of the stock traded hands, compared to its average volume of 1,317,761. The firm's fifty day simple moving average is $361.84 and its two-hundred day simple moving average is $369.66. The company has a market cap of $80.42 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.17 and a beta of 0.87. Aon plc has a fifty-two week low of $323.73 and a fifty-two week 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.

AON (NYSE:AON - Get Free Report) last released its quarterly 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 analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $2.93 EPS. As a group, analysts forecast 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 issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON's dividend payout ratio (DPR) is currently 24.96%.

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.