Stephens Inc. AR Has $14.55 Million Stake in Aon plc $AON

Stephens Inc. AR boosted its stake in Aon plc (NYSE:AON) by 8.0% in the second quarter, HoldingsChannel.com reports. The firm owned 40,785 shares of the financial services provider’s stock after buying an additional 3,029 shares during the period. Stephens Inc. AR’s holdings in AON were worth $14,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in AON in the first quarter valued at $28,000. Saudi Central Bank acquired a new stake in AON in the first quarter valued at $31,000. Pinnacle Bancorp Inc. increased its holdings in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in AON during the 2nd quarter worth about $32,000. Finally, HHM Wealth Advisors LLC grew its holdings 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 acquiring an additional 29 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on AON shares. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. TD Cowen decreased their price target on AON from $427.00 to $419.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a report on Wednesday, August 13th. Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target for the company. Finally, Evercore ISI increased their price target on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Performance

Shares of AON opened at $346.74 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a 50-day moving average of $363.26 and a 200-day moving average of $360.97. The company has a market cap of $74.77 billion, a PE ratio of 29.04, a P/E/G ratio of 2.04 and a beta of 0.89. Aon plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion during 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 firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $2.93 EPS. On average, equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 24.96%.

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.