Stephens Inc. AR Has $14.55 Million Holdings in Aon plc $AON

Key Points

• Stephens Inc. AR increased its holdings in Aon plc by 8.0% during the second quarter, owning a total of 40,785 shares valued at $14.55 million.
• Analysts have a consensus rating of "Moderate Buy" for Aon, with a price target averaging $420.00.
• Aon declared a quarterly dividend of $0.745 per share, with the dividend yield at 0.9% and a payout ratio of 24.96%.

Stephens Inc. AR boosted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,785 shares of the financial services provider's stock after buying an additional 3,029 shares during the quarter. Stephens Inc. AR's holdings in AON were worth $14,551,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in AON during the first quarter worth approximately $28,000. Saudi Central Bank acquired a new position in shares of AON in the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. grew its position in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of AON in the second quarter valued at approximately $32,000. Finally, 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. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AON shares. Barclays reaffirmed an "overweight" rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Wolfe Research began coverage on AON in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. Wells Fargo & Company cut their price target on AON from $451.00 to $448.00 and set an "overweight" rating for the company in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on AON from $421.00 to $427.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Finally, TD Cowen cut their price target on AON from $427.00 to $419.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $420.00.

AON Stock Up 1.1%

NYSE AON opened at $346.74 on Monday. The business has a fifty day moving average price of $363.26 and a two-hundred day moving average price of $360.97. 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 fifty-two week low of $323.73 and a fifty-two week high of $412.97. The stock has a market capitalization of $74.77 billion, a PE ratio of 29.04, a PEG ratio of 2.04 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The company's quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON's dividend payout ratio is presently 24.96%.

AON Company 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.

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