Intrust Bank NA Raises Stock Holdings in Aon plc $AON

Intrust Bank NA boosted its position in shares of Aon plc (NYSE:AON) by 22.4% in the second quarter, HoldingsChannel.com reports. The fund owned 1,113 shares of the financial services provider’s stock after acquiring an additional 204 shares during the quarter. Intrust Bank NA’s holdings in AON were worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of AON. Private Advisor Group LLC boosted its position in AON by 15.8% in the first quarter. Private Advisor Group LLC now owns 6,359 shares of the financial services provider’s stock valued at $2,538,000 after buying an additional 868 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in AON by 3.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 16,700 shares of the financial services provider’s stock valued at $6,665,000 after acquiring an additional 570 shares during the period. Wealth Alliance LLC purchased a new stake in shares of AON in the 1st quarter valued at $312,000. HighPoint Advisor Group LLC increased its stake in shares of AON by 18.5% in the first quarter. HighPoint Advisor Group LLC now owns 4,391 shares of the financial services provider’s stock worth $1,752,000 after acquiring an additional 685 shares during the period. Finally, VSM Wealth Advisory LLC purchased a new position in shares of AON during the first quarter worth $461,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AON. Barclays reaffirmed an “overweight” rating and set a $420.00 price target (up from $401.00) on shares of AON in a research report on Thursday, July 31st. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. TD Cowen decreased their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and set a $390.00 price objective on shares of AON in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $419.13.

AON Stock Down 0.5%

Shares of AON opened at $348.23 on Wednesday. The firm has a market cap of $74.85 billion, a P/E ratio of 29.17, a PEG ratio of 1.92 and a beta of 0.86. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock’s 50 day moving average is $351.11 and its two-hundred day moving average is $357.56. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last announced its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the company posted $2.72 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is 23.88%.

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.