Hancock Whitney Corp Lowers Stock Holdings in Aon plc (NYSE:AON)

Hancock Whitney Corp lessened its holdings in shares of Aon plc (NYSE:AON) by 5.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 886 shares of the financial services provider’s stock after selling 49 shares during the quarter. Hancock Whitney Corp’s holdings in AON were worth $260,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter worth $31,000. Rise Advisors LLC purchased a new position in shares of AON in the 1st quarter valued at about $37,000. Bruce G. Allen Investments LLC grew its position in shares of AON by 52.7% during the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of AON during the first quarter worth approximately $55,000. Finally, New Covenant Trust Company N.A. purchased a new position in AON in the first quarter worth approximately $59,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of analyst reports. Piper Sandler raised their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Barclays started coverage on AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Wells Fargo & Company raised their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and upped their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $337.27.

AON Price Performance

Shares of AON opened at $348.52 on Tuesday. The company has a market capitalization of $75.78 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $353.54. The firm has a 50-day simple moving average of $331.77 and a 200-day simple moving average of $311.58. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.

AON (NYSE:AON) last released its earnings results 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 net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm posted $2.76 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities research analysts anticipate that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

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.