Enterprise Financial Services Corp Sells 337 Shares of Aon plc $AON

Enterprise Financial Services Corp cut its position in shares of Aon plc (NYSE:AON) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,593 shares of the financial services provider’s stock after selling 337 shares during the period. AON comprises 0.9% of Enterprise Financial Services Corp’s portfolio, making the stock its 23rd biggest position. Enterprise Financial Services Corp’s holdings in AON were worth $1,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peak Financial Advisors LLC bought a new stake in shares of AON in the 2nd quarter valued at about $2,464,000. Nordea Investment Management AB raised its stake in AON by 6.6% in the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock worth $6,051,000 after buying an additional 1,061 shares in the last quarter. Focus Partners Wealth lifted its holdings in AON by 27.7% during the first quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock worth $50,219,000 after buying an additional 27,280 shares during the period. Jump Financial LLC increased its holdings in shares of AON by 314.2% in the 1st quarter. Jump Financial LLC now owns 8,809 shares of the financial services provider’s stock valued at $3,516,000 after acquiring an additional 6,682 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in shares of AON in the 1st quarter worth $635,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 target price on the stock in a research note on Monday, November 3rd. UBS Group lowered their price target on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Roth Capital reissued a “buy” rating and set a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and raised their target price for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $416.56.

AON Stock Up 0.2%

NYSE:AON opened at $346.58 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a market cap of $74.49 billion, a PE ratio of 29.03, a P/E/G ratio of 1.92 and a beta of 0.86. The company’s 50 day moving average is $349.72 and its two-hundred day moving average is $357.32.

AON (NYSE:AON) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $2.72 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts anticipate that Aon plc will post 17.21 EPS for the current 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 paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio (DPR) is presently 23.88%.

About AON

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.