Hsbc Holdings PLC Grows Position in Aon plc $AON

Hsbc Holdings PLC grew its position in shares of Aon plc (NYSE:AON) by 91.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 354,158 shares of the financial services provider’s stock after acquiring an additional 169,479 shares during the quarter. Hsbc Holdings PLC’s holdings in AON were worth $114,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AON. Wealth Watch Advisors INC bought a new position in shares of AON during the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in AON in the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new stake in AON in the 4th quarter valued at about $29,000. Eagle Bay Advisors LLC bought a new position in shares of AON during the 4th quarter worth approximately $30,000. Finally, Strive Asset Management LLC purchased a new position in shares of AON in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 600 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the completion of the transaction, the general counsel owned 15,354 shares in the company, valued at $5,527,440. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AON has been the subject of a number of research analyst reports. UBS Group increased their price target on AON from $360.00 to $383.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Barclays upped their price objective on AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Cantor Fitzgerald raised their target price on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Finally, Piper Sandler lowered shares of AON from an “overweight” rating to a “neutral” rating and increased their price target for the company from $355.00 to $377.00 in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus price target of $404.56.

AON Price Performance

Shares of NYSE AON opened at $366.69 on Friday. 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 stock has a fifty day simple moving average of $332.19 and a two-hundred day simple moving average of $331.19. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The firm has a market cap of $78.32 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.71.

AON (NYSE:AON) last issued its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.67 EPS. Analysts anticipate that Aon plc will post 19.09 earnings per share for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.28 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is 18.00%.

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.