Wellington Management Group LLP Takes $490.63 Million Position in Aon plc $AON

Key Points

• Wellington Management Group LLP has acquired a significant stake in Aon plc, purchasing 1,229,382 shares valued at approximately $490.63 million, which represents ownership of 0.57% of the company.
• Aon recently reported earnings of $3.49 EPS, exceeding analysts' expectations and showcasing a year-over-year revenue increase of 10.5%.
• The company announced a quarterly dividend of $0.745 per share, reflecting a 0.8% yield and a payout ratio of 24.96%.

Wellington Management Group LLP purchased a new stake in shares of Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,229,382 shares of the financial services provider's stock, valued at approximately $490,634,000. Wellington Management Group LLP owned 0.57% of AON at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AON. Financial Gravity Asset Management Inc. purchased a new position in AON in the first quarter valued at about $28,000. HHM Wealth Advisors LLC grew its stake in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 29 shares during the last quarter. Tsfg LLC purchased a new position in AON in the first quarter valued at about $37,000. Accent Capital Management LLC purchased a new position in AON in the first quarter valued at about $40,000. Finally, Garde Capital Inc. purchased a new position in AON in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Down 0.3%

AON stock opened at $365.96 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a market capitalization of $78.91 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. The stock has a 50-day moving average price of $357.64 and a 200 day moving average price of $370.56.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping 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 firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company posted $2.93 earnings per share. The company's revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current 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 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 is currently 24.96%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AON shares. Morgan Stanley reiterated a "cautious" rating on shares of AON in a research note on Monday. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company restated an "overweight" rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Keefe, Bruyette & Woods dropped their price target on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Piper Sandler boosted their price target on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $409.18.

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.

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