Entropy Technologies LP Buys Shares of 1,396 Aon plc (NYSE:AON)

Key Points

• Entropy Technologies LP has acquired a new position in Aon plc, purchasing 1,396 shares valued at approximately $557,000 during the 1st quarter.
• Several institutional investors have significantly increased their holdings in Aon, with Polen Capital Management LLC growing its position by 318.1% to over $1.2 billion.
• Aon has received multiple analyst upgrades, with Barclays raising its price target to $420.00 and Goldman Sachs increasing its rating to "buy" with a price target of $408.00.

Entropy Technologies LP acquired a new position in shares of Aon plc (NYSE:AON - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,396 shares of the financial services provider's stock, valued at approximately $557,000.

A number of other large investors also recently modified their holdings of AON. Financial Gravity Asset Management Inc. acquired a new stake in AON in the 1st quarter valued at about $28,000. HHM Wealth Advisors LLC lifted its stake in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 29 shares during the last quarter. Tsfg LLC acquired a new stake in AON in the 1st quarter valued at about $37,000. Accent Capital Management LLC acquired a new stake in AON in the 1st quarter valued at about $40,000. Finally, Garde Capital Inc. acquired a new stake in AON in the 1st quarter valued at about $42,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

NYSE:AON traded up $0.84 during mid-day trading on Friday, reaching $367.19. The stock had a trading volume of 1,181,059 shares, compared to its average volume of 1,337,837. The stock has a 50-day simple moving average of $357.48 and a two-hundred day simple moving average of $370.61. The stock has a market capitalization of $79.18 billion, a PE ratio of 30.75, a P/E/G ratio of 2.20 and a beta of 0.83. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $2.93 earnings per share. On average, equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.745 dividend. The ex-dividend date is Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON's dividend payout ratio (DPR) is currently 24.96%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods lowered their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a report on Tuesday, May 13th. Barclays reissued an "overweight" rating and issued a $420.00 price target (up from $401.00) on shares of AON in a report on Thursday, July 31st. Finally, Citigroup initiated coverage on shares of AON in a report on Wednesday. They issued a "neutral" rating and a $402.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.69.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.