Aon Plc Stock Price, News & Analysis

Aon plc announced the successful raising of $349.9 million from U.S. institutional investors for its Opportunistic Credit strategy, which focuses on public corporate credit, structured products, stressed credit, and real estate debt. This strategy aims to leverage Aon's research capabilities to capture value amid global credit market dislocations. Aon Investments, consisting of over 300 professionals managing more than $2 trillion in assets, will target liquidity-driven assets and distressed credit, providing investors with potential attractive returns in a volatile market.

Aon reported a 4% decline in total revenue for Q2 2020, totaling $2.5 billion, with organic revenue down 1%. However, operating margin improved to 23.8%, with adjusted operating income rising 5% to $670 million, reflecting effective expense management. Net income attributable to shareholders reached $397 million or $1.70 per share, a significant increase from $277 million last year. Free cash flow surged up $875 million to $1.13 billion. The pending merger with Willis Towers Watson is set for a shareholder vote on August 26, 2020.

Aon plc (NYSE:AON) announced a quarterly cash dividend of $0.44 per share on its Class A Ordinary Shares. This dividend is scheduled for payment on August 14, 2020, to shareholders on record by August 3, 2020. Aon is a leading global professional services firm specializing in risk, retirement, and health solutions, with over 50,000 employees across 120 countries.

Aon plc (NYSE:AON) will release its second-quarter 2020 financial results on July 31, 2020, at 5:00 am Central Time. The CEO Greg Case will host a conference call at 7:30 am Central Time the same day, which will be accessible live through Aon's website. The earnings release and a supplemental slide presentation will also be available online.

Aon provides risk, retirement, and health solutions globally, leveraging data and analytics to enhance performance for clients.

On June 24, 2020, Laurel Road, a digital lending platform from KeyBank, announced a collaboration with Aon Affinity to provide a new student loan refinancing program for clients of the Nurses Service Organization (NSO) and Healthcare Providers Service Organization (HPSO).

This initiative aims to offer special discounts on refinancing rates, potentially saving healthcare professionals thousands over the life of their loans. The partnership addresses the growing concern of student debt, which has surpassed $1.6 trillion in the U.S.

Aon plc (NYSE: AON) has announced the formation of a coalition comprising top organizations to bolster societal and economic recovery from the COVID-19 pandemic. This coalition aims to establish guidelines for businesses and communities to safely restart operations around Work, Travel, and Convene. The initiative, launched with a virtual kickoff meeting, seeks to share insights and develop benchmarks to guide effective recovery efforts. An initial report is set for November 2020, with plans to expand the model to cities including London, New York, Singapore, and Tokyo.