RVW Wealth LLC Purchases Shares of 800 Aon plc (NYSE:AON)

Key Points

• RVW Wealth LLC has acquired a new position in Aon plc, purchasing 800 shares valued at approximately $319,000 during the first quarter, highlighting ongoing interest from institutional investors.
• Aon plc reported earnings of $3.49 per share for the latest quarter, surpassing analysts' expectations, with a revenue of $4.16 billion, reflecting a 10.5% increase compared to the previous year.
• The company announced a quarterly dividend of $0.745, with an annualized yield of 0.84%, demonstrating its commitment to returning value to shareholders.

RVW Wealth LLC purchased a new stake in Aon plc (NYSE:AON - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 800 shares of the financial services provider's stock, valued at approximately $319,000.

Several other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC raised its stake in AON by 2.3% during the first quarter. Natixis Advisors LLC now owns 286,512 shares of the financial services provider's stock worth $114,344,000 after acquiring an additional 6,348 shares in the last quarter. Modera Wealth Management LLC boosted its holdings in AON by 2.1% in the first quarter. Modera Wealth Management LLC now owns 12,558 shares of the financial services provider's stock valued at $5,012,000 after acquiring an additional 253 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in AON by 2.0% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,809 shares of the financial services provider's stock valued at $2,318,000 after buying an additional 114 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of AON during the first quarter worth approximately $653,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of AON during the first quarter worth approximately $3,282,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Down 0.7%

Shares of NYSE AON traded down $2.62 during mid-day trading on Friday, hitting $353.09. 1,640,932 shares of the stock traded hands, compared to its average volume of 1,348,763. The stock has a fifty day moving average price of $358.07 and a 200-day moving average price of $370.74. The company has a market cap of $76.14 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.11 and a beta of 0.83. Aon plc has a 52 week low of $322.95 and a 52 week 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 posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $2.93 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. Research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 1st. AON's dividend payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and lifted their target price for the company from $400.00 to $426.00 in a report on Wednesday. Keefe, Bruyette & Woods lowered their price target on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $409.21.

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.