Vanguard Personalized Indexing Management LLC Has $9.48 Million Position in Aon plc $AON

Key Points

• Vanguard Personalized Indexing Management LLC increased its investment in Aon plc by 26.8%, resulting in holdings valued at $9.48 million.
• Aon reported $3.49 EPS for its latest quarter, surpassing estimates by $0.09, and experienced a 10.5% year-over-year revenue increase to $4.16 billion.
• The stock has received multiple upgrades from analysts, with a consensus target price of $420 and a rating of "Moderate Buy".

Vanguard Personalized Indexing Management LLC increased its stake in Aon plc (NYSE:AON - Free Report) by 26.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,556 shares of the financial services provider's stock after purchasing an additional 5,621 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in AON were worth $9,475,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AON. Financial Gravity Asset Management Inc. acquired a new position in shares of AON during the first quarter worth approximately $28,000. Saudi Central Bank acquired a new position in shares of AON during the first quarter worth approximately $31,000. Pinnacle Bancorp Inc. lifted its holdings in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after buying an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of AON during the second quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 29 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

AON stock opened at $359.82 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a fifty day moving average price of $364.41 and a two-hundred day moving average price of $362.53. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market capitalization of $77.59 billion, a P/E ratio of 30.14, a P/E/G ratio of 2.14 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) 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 analyst estimates of $4.16 billion. During the same period in the prior year, the company posted $2.93 earnings per share. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

Analyst Ratings Changes

AON has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They set a "peer perform" rating for the company. Jefferies Financial Group raised 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 report on Wednesday, July 30th. Piper Sandler boosted their price target on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Citigroup began coverage on shares of AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, AON has an average rating of "Moderate Buy" and a consensus target price of $420.00.

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.

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