Virtu Financial LLC Takes Position in Aon plc (NYSE:AON)

Virtu Financial LLC bought a new stake in shares of Aon plc (NYSE:AON) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 505 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after buying an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock worth $1,210,864,000 after buying an additional 469,238 shares in the last quarter. Polen Capital Management LLC grew its holdings in AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after buying an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 2.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock worth $954,053,000 after buying an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in AON by 9.3% in the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider’s stock worth $775,406,000 after buying an additional 183,442 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AON shares. Wells Fargo & Company reissued an “overweight” rating and issued a $438.00 price objective (up from $436.00) on shares of AON in a report on Thursday, July 10th. Barclays reissued an “overweight” rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a report on Thursday, July 31st. Evercore ISI increased their price objective on AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Piper Sandler increased their price target on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Citigroup assumed coverage on AON in a research note on Wednesday. They set a “neutral” rating and a $402.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $410.69.

AON Stock Performance

AON opened at $367.19 on Friday. The firm has a market cap of $79.18 billion, a PE ratio of 30.75, a P/E/G ratio of 2.17 and a beta of 0.83. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $357.40 and a 200-day simple moving average of $370.60. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings data 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. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $2.93 EPS. As a group, equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

About AON

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.