Callan Family Office LLC Raises Holdings in Aon plc $AON

Callan Family Office LLC grew its position in shares of Aon plc (NYSE:AON) by 165.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,641 shares of the financial services provider’s stock after buying an additional 2,270 shares during the period. Callan Family Office LLC’s holdings in AON were worth $1,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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 valued at $7,893,382,000 after purchasing an additional 258,699 shares during the period. 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 valued at $1,210,864,000 after purchasing an additional 469,238 shares during the period. 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 valued at $1,200,350,000 after purchasing an additional 2,288,397 shares during the period. 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 valued at $954,053,000 after purchasing an additional 61,350 shares during the period. 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 valued at $914,163,000 after purchasing an additional 131,676 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

AON opened at $359.82 on Monday. The stock has a 50-day moving average price of $364.41 and a 200-day moving average price of $362.53. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $77.59 billion, a P/E ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (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 analysts’ expectations of $4.16 billion. During the same period in the prior year, the business earned $2.93 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AON has been the topic of a number of analyst reports. Piper Sandler boosted 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. Wolfe Research started coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. TD Cowen decreased their target price on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

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.