Hantz Financial Services Inc. Sells 8,124 Shares of Aon plc $AON

Hantz Financial Services Inc. lessened its stake in shares of Aon plc (NYSE:AON) by 16.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,270 shares of the financial services provider’s stock after selling 8,124 shares during the period. Hantz Financial Services Inc.’s holdings in AON were worth $14,210,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Westside Investment Management Inc. raised its holdings in AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares during the period. Wealth Watch Advisors INC bought a new stake in AON during the third quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of AON in the fourth quarter valued at about $30,000. Strive Asset Management LLC acquired a new position in shares of AON during the 3rd quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in AON during the 3rd quarter valued at approximately $37,000. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AON. Jefferies Financial Group reiterated a “buy” rating and set a $408.00 price target on shares of AON in a report on Monday, February 2nd. Bank of America upgraded shares of AON from a “neutral” rating to an “outperform” rating and cut their target price for the company from $398.00 to $397.00 in a research note on Friday, February 27th. Cantor Fitzgerald increased their price target on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Finally, TD Cowen reiterated a “buy” rating on shares of AON in a research note on Monday, March 16th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $396.00.

AON Trading Down 0.0%

Shares of AON stock opened at $324.73 on Monday. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00. The firm has a market capitalization of $69.36 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The company’s fifty day moving average price is $321.84 and its two-hundred day moving average price is $334.91.

AON (NYSE:AON) last issued its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the business earned $5.67 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Aon plc will post 19.07 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.82 dividend. The ex-dividend date was Friday, May 1st. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is currently 16.36%.

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.