HB Wealth Management LLC Raises Stock Holdings in Aon plc $AON

HB Wealth Management LLC boosted its stake in shares of Aon plc (NYSE:AON) by 28.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,509 shares of the financial services provider’s stock after purchasing an additional 1,670 shares during the period. HB Wealth Management LLC’s holdings in AON were worth $2,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. World Investment Advisors lifted its stake in shares of AON by 226.4% during the 1st quarter. World Investment Advisors now owns 10,654 shares of the financial services provider’s stock valued at $3,439,000 after buying an additional 7,390 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of AON by 44.3% during the first quarter. Private Advisor Group LLC now owns 9,142 shares of the financial services provider’s stock worth $2,951,000 after acquiring an additional 2,806 shares in the last quarter. Optas LLC boosted its holdings in shares of AON by 8.8% in the first quarter. Optas LLC now owns 682 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 55 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of AON by 52.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 93,305 shares of the financial services provider’s stock valued at $30,117,000 after purchasing an additional 31,940 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC raised its stake in shares of AON by 495.8% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 10,724 shares of the financial services provider’s stock valued at $3,461,000 after purchasing an additional 8,924 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.2%

NYSE AON opened at $356.70 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The stock has a market cap of $76.18 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.88 and a beta of 0.71. The stock has a 50 day simple moving average of $323.63 and a two-hundred day simple moving average of $330.61.

AON (NYSE:AON) last announced 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 net margin of 22.54% and a return on equity of 43.50%. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the firm posted $5.67 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts forecast that Aon plc will post 19.09 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.82 per share. This is a boost from AON’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is 18.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on AON shares. Mizuho lowered their price target on AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. UBS Group dropped their price target on AON from $385.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Morgan Stanley upped their price objective on AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday. Barclays increased their price objective on AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and an average target price of $396.19.

AON 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.