Huntington National Bank trimmed its holdings in shares of Aon PLC (NYSE:AON) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,001 shares of the financial services provider’s stock after selling 1,383 shares during the quarter. Huntington National Bank’s holdings in AON were worth $1,926,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lloyd Advisory Services LLC. raised its stake in AON by 3,750.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 154 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. AllSquare Wealth Management LLC acquired a new position in AON in the 1st quarter valued at $26,000. Magellan Asset Management Ltd acquired a new position in AON in the 1st quarter valued at $27,000. Retirement Network acquired a new position in AON in the 1st quarter valued at $33,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in AON in the 1st quarter valued at $38,000. 84.75% of the stock is owned by institutional investors and hedge funds.
In related news, Director Lester B. Knight purchased 70,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $195.00 per share, with a total value of $13,650,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Neller sold 750 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $190.50, for a total value of $142,875.00. Following the completion of the transaction, the insider now directly owns 3,459 shares of the company’s stock, valued at $658,939.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,850 shares of company stock valued at $560,250. 0.92% of the stock is currently owned by insiders.
Shares of NYSE AON traded down $1.77 during midday trading on Friday, hitting $205.22. 2,318,332 shares of the company’s stock were exchanged, compared to its average volume of 1,226,515. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.29. Aon PLC has a twelve month low of $143.93 and a twelve month high of $238.19. The company has a market cap of $47.52 billion, a PE ratio of 29.57 and a beta of 0.88. The firm’s fifty day simple moving average is $194.84 and its 200-day simple moving average is $196.09.
AON (NYSE:AON) last released its quarterly earnings results on Friday, July 31st. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.04. AON had a return on equity of 63.91% and a net margin of 14.84%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the business posted $1.87 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Aon PLC will post 9.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.86%. AON’s dividend payout ratio (DPR) is presently 19.19%.
Several analysts have issued reports on AON shares. Royal Bank of Canada reiterated a “hold” rating and set a $200.00 price target on shares of AON in a report on Monday, July 20th. Cfra lowered their price target on AON from $230.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 1st. UBS Group lowered their price target on AON from $202.00 to $197.00 and set a “neutral” rating for the company in a report on Monday, May 11th. MKM Partners lowered their price target on AON from $260.00 to $215.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, Jefferies Financial Group increased their price target on AON from $214.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $209.27.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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