Bokf Na Sells 1,325 Shares of Aon plc (NYSE:AON)

Bokf Na lowered its holdings in Aon plc (NYSE:AON) by 24.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,183 shares of the financial services provider’s stock after selling 1,325 shares during the period. Bokf Na’s holdings in AON were worth $1,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AON. Gryphon Financial Partners LLC increased its holdings in AON by 262.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after acquiring an additional 2,989 shares during the period. California State Teachers Retirement System increased its holdings in AON by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock worth $96,549,000 after acquiring an additional 4,843 shares during the period. Radnor Capital Management LLC increased its holdings in shares of AON by 203.6% in the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after buying an additional 4,218 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of AON in the 2nd quarter worth $31,000. Finally, Norden Group LLC bought a new position in shares of AON in the 1st quarter worth $2,044,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.1 %

NYSE:AON opened at $347.85 on Monday. The company has a 50-day moving average price of $325.51 and a 200-day moving average price of $310.19. Aon plc has a 12 month low of $268.06 and a 12 month high of $352.49. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a market cap of $75.57 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the business posted $2.76 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities analysts predict that Aon plc will post 15.23 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.675 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. AON’s dividend payout ratio is 21.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AON. Bank of America lowered shares of AON from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Piper Sandler upped their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Wells Fargo & Company upped their price objective on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $337.27.

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.