Intrust Bank NA Buys 204 Shares of Aon plc $AON

Intrust Bank NA grew its stake in Aon plc (NYSE:AON) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113 shares of the financial services provider’s stock after acquiring an additional 204 shares during the period. Intrust Bank NA’s holdings in AON were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC increased its holdings in AON by 15.8% during the 1st quarter. Private Advisor Group LLC now owns 6,359 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 868 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of AON by 3.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 16,700 shares of the financial services provider’s stock worth $6,665,000 after buying an additional 570 shares in the last quarter. Wealth Alliance LLC purchased a new position in shares of AON during the first quarter valued at $312,000. HighPoint Advisor Group LLC raised its holdings in shares of AON by 18.5% in the first quarter. HighPoint Advisor Group LLC now owns 4,391 shares of the financial services provider’s stock valued at $1,752,000 after acquiring an additional 685 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in AON in the first quarter worth about $461,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON opened at $348.23 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The firm has a market cap of $74.85 billion, a PE ratio of 29.17, a P/E/G ratio of 1.92 and a beta of 0.86. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock has a fifty day moving average price of $351.11 and a 200-day moving average price of $357.56.

AON (NYSE:AON) last announced its earnings results 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 company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.72 EPS. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 3rd. AON’s dividend payout ratio (DPR) is presently 23.88%.

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. Evercore ISI boosted their price target on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research note on Thursday, November 13th. Barclays reaffirmed an “overweight” rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. TD Cowen reduced 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. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $419.13.

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.