Hantz Financial Services Inc. Takes $7.05 Million Position in Aon plc (NYSE:AON)

Hantz Financial Services Inc. purchased a new stake in Aon plc (NYSE:AON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,997 shares of the financial services provider’s stock, valued at approximately $7,045,000.

Other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in shares of AON in the fourth quarter valued at approximately $31,000. Rise Advisors LLC bought a new position in shares of AON in the first quarter valued at approximately $37,000. First United Bank & Trust bought a new position in shares of AON in the fourth quarter valued at approximately $44,000. Bruce G. Allen Investments LLC raised its position in shares of AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 58 shares during the period. Finally, LRI Investments LLC bought a new position in AON during the first quarter worth $55,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AON shares. Bank of America lowered shares of AON from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Morgan Stanley dropped their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Finally, Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, AON presently has an average rating of “Hold” and an average target price of $333.21.

AON Stock Up 0.1 %

Shares of NYSE:AON opened at $343.72 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $345.56. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The company’s fifty day moving average is $314.77 and its 200-day moving average is $307.86. The company has a market capitalization of $74.67 billion, a PE ratio of 26.94, a P/E/G ratio of 2.22 and a beta of 0.91.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm posted $2.76 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities research analysts predict that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.79%. AON’s dividend payout ratio (DPR) is 21.16%.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.