Vestmark Advisory Solutions Inc. Purchases 4,519 Shares of Aon plc $AON

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Aon plc by 102.6%, acquiring an additional 4,519 shares, bringing its total holdings to 8,925 shares valued at approximately $3,562,000.
• Aon recently reported a 10.5% year-over-year increase in revenue, with earnings per share of $3.49 for the quarter, exceeding estimates.
• The company announced a quarterly dividend of $0.745, with a yield of 0.8% and a payout ratio of 24.96%.

Vestmark Advisory Solutions Inc. grew its stake in shares of Aon plc (NYSE:AON - Free Report) by 102.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,925 shares of the financial services provider's stock after acquiring an additional 4,519 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in AON were worth $3,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Portside Wealth Group LLC boosted its position in shares of AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares during the period. WCM Investment Management LLC boosted its position in AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after acquiring an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock valued at $11,183,000 after acquiring an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after purchasing an additional 1,544 shares during the period. Finally, Ninety One North America Inc. raised its holdings in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after acquiring an additional 2,932 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AON. Cantor Fitzgerald raised shares of AON to a "strong-buy" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods decreased their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. 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. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a research report on Tuesday, May 13th. Finally, Piper Sandler increased their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, AON currently has a consensus rating of "Moderate Buy" and a consensus target price of $409.18.

AON Price Performance

AON stock traded up $1.44 during trading on Wednesday, hitting $374.30. 502,182 shares of the stock traded hands, compared to its average volume of 1,330,841. The stock has a market cap of $80.71 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 2.17 and a beta of 0.83. 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 one year low of $323.73 and a one year high of $412.97. The company has a 50 day simple moving average of $358.06 and a 200 day simple moving average of $370.58.

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 firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $2.93 EPS. Equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

AON Company 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.