Aon plc $AON Stake Raised by Belpointe Asset Management LLC

by · The Cerbat Gem

Belpointe Asset Management LLC raised its position in shares of Aon plc (NYSE:AON – Free Report) by 291.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,779 shares of the financial services provider’s stock after purchasing an additional 2,813 shares during the period. Belpointe Asset Management LLC’s holdings in AON were worth $1,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of AON by 1.3% during 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 purchasing an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of AON by 18.3% during 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 purchasing an additional 469,238 shares in the last quarter. Polen Capital Management LLC raised its stake in shares of AON by 318.1% during 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 purchasing an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 2.6% during 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 purchasing an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of AON by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock worth $914,163,000 after purchasing an additional 131,676 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $385.00 to $430.00 in a research note on Thursday. Citigroup initiated coverage on AON in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective on the stock. Barclays reissued an “overweight” rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Piper Sandler raised their price objective on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and raised their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $415.50.

Get Our Latest Stock Report on AON

AON Stock Performance

Shares of NYSE AON opened at $371.74 on Friday. 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’s 50 day moving average is $363.54 and its two-hundred day moving average is $368.73. The company has a market cap of $80.16 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.15 and a beta of 0.87. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON – Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 EPS. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, August 1st. AON’s payout ratio is currently 24.96%.

AON Company Profile

(Free Report)

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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