Aon plc $AON Shares Acquired by Entropy Technologies LP

Entropy Technologies LP increased its position in shares of Aon plc (NYSE:AON) by 131.1% in the second quarter, HoldingsChannel reports. The firm owned 3,226 shares of the financial services provider’s stock after acquiring an additional 1,830 shares during the quarter. Entropy Technologies LP’s holdings in AON were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AON. Saudi Central Bank purchased a new stake in shares of AON in the 1st quarter valued at $31,000. HHM Wealth Advisors LLC lifted its position in AON by 54.7% during 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 period. Atlantic Union Bankshares Corp purchased a new stake in AON in the second quarter valued at $31,000. Trust Co. of Toledo NA OH acquired a new stake in AON during the 2nd quarter worth about $32,000. Finally, Pinnacle Bancorp Inc. raised its stake in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AON has been the topic of several analyst reports. Evercore ISI raised their target price on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. UBS Group decreased their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $416.56.

AON Price Performance

AON stock opened at $346.58 on Friday. 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’s fifty day moving average price is $349.72 and its 200 day moving average price is $357.32. The stock has a market capitalization of $74.49 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.92 and a beta of 0.86. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $2.72 earnings per share. As a group, equities research analysts anticipate 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. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is 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.