Intrust Bank NA Purchases 89 Shares of Aon plc (NYSE:AON)

Intrust Bank NA grew its holdings in shares of Aon plc (NYSE:AON) by 12.9% in the 4th quarter, HoldingsChannel reports. The firm owned 780 shares of the financial services provider’s stock after acquiring an additional 89 shares during the quarter. Intrust Bank NA’s holdings in AON were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allstate Corp purchased a new position in AON in the fourth quarter valued at about $2,129,000. DnB Asset Management AS raised its holdings in shares of AON by 4.4% in the 4th quarter. DnB Asset Management AS now owns 35,274 shares of the financial services provider’s stock worth $12,669,000 after purchasing an additional 1,493 shares during the period. Premier Fund Managers Ltd grew its holdings in AON by 480.6% during the fourth quarter. Premier Fund Managers Ltd now owns 31,528 shares of the financial services provider’s stock valued at $11,287,000 after purchasing an additional 26,098 shares during the period. Pictet Asset Management Holding SA increased its position in AON by 6.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 142,182 shares of the financial services provider’s stock worth $51,066,000 after buying an additional 8,399 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of AON by 2.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 169,593 shares of the financial services provider’s stock valued at $60,911,000 after buying an additional 3,852 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 1.3 %

Shares of NYSE:AON opened at $394.22 on Monday. The firm has a fifty day moving average of $388.72 and a 200 day moving average of $372.40. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $85.15 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the business posted $3.89 earnings per share. As a group, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AON. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Redburn Atlantic raised shares of AON to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $386.21.

AON Company 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.