Bokf Na Acquires 147 Shares of Aon plc (NYSE:AON)

Bokf Na boosted its holdings in shares of Aon plc (NYSE:AON) by 2.7% during the 1st quarter, Holdings Channel reports. The firm owned 5,508 shares of the financial services provider’s stock after buying an additional 147 shares during the period. Bokf Na’s holdings in AON were worth $1,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LRI Investments LLC bought a new stake in AON during the 1st quarter valued at approximately $55,000. Quadrature Capital Ltd purchased a new position in AON during the 1st quarter valued at approximately $1,681,000. Longview Partners Guernsey LTD grew its holdings in AON by 0.6% during the 1st quarter. Longview Partners Guernsey LTD now owns 1,719,104 shares of the financial services provider’s stock valued at $573,699,000 after buying an additional 10,500 shares in the last quarter. Capital International Ltd. CA grew its holdings in AON by 1.8% during the 1st quarter. Capital International Ltd. CA now owns 48,707 shares of the financial services provider’s stock valued at $16,254,000 after buying an additional 840 shares in the last quarter. Finally, Capital International Inc. CA grew its holdings in AON by 6.1% during the 1st quarter. Capital International Inc. CA now owns 66,672 shares of the financial services provider’s stock valued at $22,250,000 after buying an additional 3,853 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $311.00 price target on shares of AON in a report on Tuesday, May 28th. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 price target on shares of AON in a report on Tuesday, June 18th. Morgan Stanley cut their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their target price on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Finally, Piper Sandler dropped their target price on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $321.36.

AON Stock Up 8.0 %

AON traded up $24.05 during trading hours on Friday, reaching $323.00. 3,070,450 shares of the company’s stock traded hands, compared to its average volume of 1,061,628. The firm has a 50-day moving average price of $292.59 and a 200 day moving average price of $302.65. Aon plc has a 52-week low of $268.06 and a 52-week high of $344.68. The firm has a market capitalization of $70.23 billion, a PE ratio of 25.31, a PEG ratio of 2.15 and a beta of 0.91.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.16). The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $2.76 earnings per share. Equities analysts predict that Aon plc will post 15.37 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

Insider Buying and Selling at AON

In other news, Director Lester B. Knight bought 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the transaction, the director now directly owns 139,000 shares in the company, valued at approximately $38,448,790. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by corporate insiders.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.