Regency Capital Management Inc. DE Buys 3,535 Shares of Aon plc (NYSE:AON)

Regency Capital Management Inc. DE increased its position in Aon plc (NYSE:AON) by 55.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,940 shares of the financial services provider’s stock after buying an additional 3,535 shares during the period. AON accounts for approximately 1.9% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 20th biggest holding. Regency Capital Management Inc. DE’s holdings in AON were worth $2,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its position in shares of AON by 88.6% during the second quarter. EP Wealth Advisors LLC now owns 3,818 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 1,794 shares during the period. Quarry LP acquired a new position in shares of AON during the second quarter valued at about $101,000. NewEdge Advisors LLC increased its position in shares of AON by 50.5% during the second quarter. NewEdge Advisors LLC now owns 11,266 shares of the financial services provider’s stock worth $3,307,000 after acquiring an additional 3,781 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AON by 54.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,918 shares of the financial services provider’s stock worth $7,022,000 after acquiring an additional 8,436 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new position in AON in the 2nd quarter valued at about $225,000. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

Shares of AON opened at $345.99 on Tuesday. 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 50-day moving average price of $336.61 and a 200-day moving average price of $312.56. The company has a market cap of $75.16 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $353.54.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during 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%. AON’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.76 EPS. As a group, equities analysts forecast that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays began coverage on AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 target price on shares of AON in a research note on Monday, August 5th. Wells Fargo & Company raised their price target on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Finally, Morgan Stanley reduced their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.