Aon plc $AON Holdings Lowered by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT lowered its stake in Aon plc (NYSE:AON) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,726 shares of the financial services provider’s stock after selling 1,381 shares during the quarter. Zions Bancorporation National Association UT’s holdings in AON were worth $2,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in shares of AON in the first quarter worth approximately $31,000. HHM Wealth Advisors LLC grew its position in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in AON during the 2nd quarter valued at $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of AON in the second quarter valued at $32,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

NYSE AON opened at $346.10 on Monday. 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 stock has a market capitalization of $74.39 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a 50 day moving average price of $354.08 and a two-hundred day moving average price of $357.66.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.72 EPS. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.745 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is currently 23.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AON shares. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and upped their price target for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods dropped their target price on AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a report on Wednesday, August 13th. Barclays reiterated an “overweight” rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Finally, Evercore ISI increased their target price on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $421.07.

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.