Aon plc $AON Shares Purchased by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in Aon plc by 39.8% after purchasing 95,758 shares, bringing its total holdings to 336,515 shares valued at approximately $134.3 million.
• Aon has received positive ratings from multiple analysts, with price targets ranging from $402.00 to $421.00, indicating a consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.745 per share, representing an annualized dividend yield of 0.8%.

Woodline Partners LP increased its position in Aon plc (NYSE:AON - Free Report) by 39.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,515 shares of the financial services provider's stock after acquiring an additional 95,758 shares during the quarter. AON comprises about 0.9% of Woodline Partners LP's investment portfolio, making the stock its 8th biggest position. Woodline Partners LP owned about 0.16% of AON worth $134,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new position in shares of AON during the 1st quarter worth about $28,000. Saudi Central Bank acquired a new position in shares of AON during the first quarter worth approximately $31,000. HHM Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 29 shares during the period. Tsfg LLC acquired a new stake in shares of AON in the first quarter worth $37,000. Finally, Accent Capital Management LLC bought a new position in AON during the first quarter worth $40,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

Shares of AON traded down $0.13 during trading hours on Friday, hitting $372.12. The stock had a trading volume of 844,376 shares, compared to its average volume of 1,307,129. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The stock has a market capitalization of $80.24 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 2.15 and a beta of 0.87. The company's fifty day moving average is $363.54 and its two-hundred day moving average is $368.73. 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 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion for 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 company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 earnings per share. On average, analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued 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 of this dividend was Friday, August 1st. AON's dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AON. Cantor Fitzgerald upgraded shares of AON to a "strong-buy" rating in a report on Wednesday, August 13th. Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price target for the company. Piper Sandler boosted their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. 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. Finally, Evercore ISI boosted their price target on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, AON currently has an average rating of "Moderate Buy" and a consensus price target of $415.50.

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.