Haverford Financial Services Inc. Buys 4,259 Shares of Aon plc (NYSE:AON)

Key Points

• Haverford Financial Services Inc. increased its stake in Aon plc by 22.6% by acquiring 4,259 shares, bringing its total holdings to 23,144 shares valued at approximately $9.24 million.
• Aon's quarterly earnings exceeded expectations, reporting a $3.49 EPS, surpassing analysts' estimates by $0.09, with a 10.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.745, translating to an annual yield of 0.8%, with the dividend payout ratio at 24.96%.

Haverford Financial Services Inc. lifted its stake in Aon plc (NYSE:AON - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,144 shares of the financial services provider's stock after acquiring an additional 4,259 shares during the quarter. AON makes up approximately 2.8% of Haverford Financial Services Inc.'s investment portfolio, making the stock its 17th largest position. Haverford Financial Services Inc.'s holdings in AON were worth $9,237,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in AON during the first quarter worth $28,000. HHM Wealth Advisors LLC grew its position in shares of AON by 54.7% in the first 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 during the 1st quarter worth approximately $37,000. Garde Capital Inc. bought a new stake in AON in the 1st quarter valued at $42,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of AON by 111.3% during the first quarter. Meeder Asset Management Inc. now owns 112 shares of the financial services provider's stock worth $45,000 after buying an additional 59 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.6%

AON traded up $2.13 during trading on Wednesday, hitting $363.73. The company's stock had a trading volume of 931,793 shares, compared to its average volume of 1,363,010. The firm has a market capitalization of $78.43 billion, a P/E ratio of 30.46, a PEG ratio of 2.14 and a beta of 0.83. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock's fifty day moving average price is $358.07 and its 200-day moving average price is $370.73.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion during 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 business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $2.93 earnings per share. Analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on AON shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a report on Tuesday, May 13th. Piper Sandler lifted their price objective on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their target price on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $409.21.

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.