Haverford Financial Services Inc. Decreases Stake in Aon plc (NYSE:AON)

Haverford Financial Services Inc. decreased its position in Aon plc (NYSE:AON) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,907 shares of the financial services provider’s stock after selling 2,461 shares during the period. AON accounts for 1.7% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 29th biggest holding. Haverford Financial Services Inc.’s holdings in AON were worth $5,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Meritage Group LP purchased a new stake in shares of AON during the 1st quarter worth approximately $258,471,000. Farallon Capital Management LLC purchased a new stake in shares of AON during the 1st quarter worth approximately $210,911,000. Bank of New York Mellon Corp increased its stake in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after purchasing an additional 548,563 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AON by 32.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after purchasing an additional 471,424 shares during the last quarter. Finally, Fiducient Advisors LLC purchased a new stake in shares of AON during the 2nd quarter worth approximately $109,327,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.0 %

Shares of NYSE:AON opened at $349.31 on Thursday. The firm has a fifty day moving average price of $328.77 and a two-hundred day moving average price of $310.95. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a one year low of $268.06 and a one year high of $353.54. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm posted $2.76 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. Analysts anticipate that Aon plc will post 15.23 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AON shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Wells Fargo & Company lifted 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. Piper Sandler lifted 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. Bank of America lowered shares of AON from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Finally, Citigroup assumed coverage on shares of AON in a research note on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and a consensus target price of $337.27.

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.