Regency Capital Management Inc. DE Raises Stock Position in Aon plc $AON

Regency Capital Management Inc. DE lifted its position in Aon plc (NYSE:AON) by 28.7% in the second quarter, Holdings Channel reports. The firm owned 13,262 shares of the financial services provider’s stock after buying an additional 2,957 shares during the period. AON accounts for 2.5% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 14th largest holding. Regency Capital Management Inc. DE’s holdings in AON were worth $4,731,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vest Financial LLC bought a new position in shares of AON during the 1st quarter worth $227,000. Wedmont Private Capital grew its holdings in AON by 9.6% during the 1st quarter. Wedmont Private Capital now owns 2,046 shares of the financial services provider’s stock worth $770,000 after acquiring an additional 179 shares in the last quarter. Capital Investment Advisors LLC increased its position in AON by 5.0% during the 1st quarter. Capital Investment Advisors LLC now owns 1,917 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 92 shares during the period. Wesbanco Bank Inc. lifted its position in shares of AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider’s stock worth $4,765,000 after purchasing an additional 31 shares during the period. Finally, Portside Wealth Group LLC boosted its stake in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock valued at $4,412,000 after purchasing an additional 9,302 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

Shares of NYSE AON opened at $366.15 on Tuesday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $78.95 billion, a PE ratio of 30.67, a P/E/G ratio of 2.16 and a beta of 0.89. The business has a 50-day simple moving average of $363.72 and a two-hundred day simple moving average of $363.44.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the firm posted $2.93 EPS. AON’s revenue was up 10.5% on a year-over-year basis. As a group, equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s dividend payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AON. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a report on Saturday, September 27th. Piper Sandler upped their price objective on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Wolfe Research initiated coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Evercore ISI lifted their price objective on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $415.06.

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.