Pin Oak Investment Advisors Inc. Acquires Shares of 162 Aon plc $AON

Pin Oak Investment Advisors Inc. bought a new position in shares of Aon plc (NYSE:AON) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 162 shares of the financial services provider’s stock, valued at approximately $64,000.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in AON by 2.6% in the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after acquiring an additional 511,292 shares in the last quarter. Nordwand Advisors LLC purchased a new position in shares of AON in the 2nd quarter valued at about $565,000. Intrust Bank NA lifted its stake in shares of AON by 22.4% in the second quarter. Intrust Bank NA now owns 1,113 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 204 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in AON by 0.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 174,704 shares of the financial services provider’s stock worth $62,327,000 after buying an additional 760 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in AON during the second quarter worth about $179,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Roth Capital reissued a “buy” rating and set a $390.00 price target on shares of AON in a research note on Tuesday, November 4th. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 target price on the stock in a research report on Monday, November 3rd. TD Cowen dropped their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Keefe, Bruyette & Woods cut their price target on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and increased their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $419.13.

AON Stock Performance

NYSE AON opened at $349.57 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The business has a fifty day moving average of $351.47 and a 200-day moving average of $357.62. The stock has a market cap of $75.13 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company earned $2.72 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given 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 of this dividend was Monday, November 3rd. AON’s payout ratio is currently 23.88%.

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.