Entropy Technologies LP Grows Position in Aon plc $AON

Entropy Technologies LP grew its stake in shares of Aon plc (NYSE:AON) by 340.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,629 shares of the financial services provider’s stock after buying an additional 29,851 shares during the period. AON accounts for 0.7% of Entropy Technologies LP’s investment portfolio, making the stock its 24th biggest position. Entropy Technologies LP’s holdings in AON were worth $13,631,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wealth Watch Advisors INC purchased a new position in AON during the third quarter worth $25,000. Eagle Bay Advisors LLC purchased a new position in AON during the fourth quarter worth $30,000. Strive Asset Management LLC purchased a new position in AON during the third quarter worth $35,000. Measured Wealth Private Client Group LLC purchased a new position in AON during the third quarter worth $37,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of AON by 39.3% during the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the subject of a number of recent analyst reports. Barclays lowered their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Mizuho lowered their price objective on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price objective on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America raised AON from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus target price of $396.81.

AON Price Performance

Shares of AON stock opened at $335.51 on Friday. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The stock has a market capitalization of $71.66 billion, a P/E ratio of 18.41, a PEG ratio of 1.76 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The business’s fifty day moving average price is $322.69 and its 200 day moving average price is $332.68.

AON (NYSE:AON) last issued its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the firm earned $5.67 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Aon plc will post 19.1 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.82 dividend. The ex-dividend date was Friday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. AON’s payout ratio is 16.36%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.