First Hawaiian Bank Lowers Stock Position in Aon plc (NYSE:AON)

First Hawaiian Bank decreased its holdings in Aon plc (NYSE:AON) by 44.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,232 shares of the financial services provider’s stock after selling 2,574 shares during the period. First Hawaiian Bank’s holdings in AON were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ballentine Partners LLC raised its holdings in shares of AON by 8.4% in the fourth quarter. Ballentine Partners LLC now owns 2,023 shares of the financial services provider’s stock worth $589,000 after buying an additional 156 shares during the last quarter. International Assets Investment Management LLC acquired a new position in AON during the fourth quarter valued at $157,650,000. Prime Capital Investment Advisors LLC grew its position in AON by 25.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,504 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 309 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of AON by 22.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,252 shares of the financial services provider’s stock valued at $1,238,000 after buying an additional 773 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of AON by 84.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 215,327 shares of the financial services provider’s stock worth $61,847,000 after buying an additional 98,338 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AON. Wells Fargo & Company boosted their price target on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Bank of America downgraded shares of AON from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 price target on shares of AON in a research note on Tuesday, May 28th. Citigroup initiated coverage on AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Finally, Piper Sandler boosted their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $330.21.

Insider Activity at AON

In other news, insider Andy Weitz 8,454 shares of AON stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available at this link. 1.15% of the stock is owned by insiders.

AON Stock Up 0.8 %

Shares of NYSE AON traded up $2.46 during mid-day trading on Tuesday, hitting $327.48. The company had a trading volume of 518,522 shares, compared to its average volume of 1,298,368. The business’s 50-day simple moving average is $297.62 and its 200 day simple moving average is $303.73. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 4.13. Aon plc has a 1-year low of $268.06 and a 1-year high of $344.68. The company has a market capitalization of $71.20 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91.

AON (NYSE:AON) last released 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 $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 earnings per share. On average, analysts predict that Aon plc will post 15.31 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, August 1st. AON’s payout ratio is 21.16%.

AON 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.