Hilltop National Bank Takes Position in Aon plc $AON

Hilltop National Bank acquired a new stake in Aon plc (NYSE:AON) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 649 shares of the financial services provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in AON by 9.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,943 shares of the financial services provider’s stock valued at $9,969,000 after buying an additional 2,489 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in shares of AON during the second quarter valued at about $292,000. First National Bank & Trust Co. of Newtown raised its stake in shares of AON by 565.8% during the second quarter. First National Bank & Trust Co. of Newtown now owns 6,658 shares of the financial services provider’s stock valued at $2,375,000 after acquiring an additional 5,658 shares during the last quarter. ASR Vermogensbeheer N.V. raised its stake in shares of AON by 27.8% during the second quarter. ASR Vermogensbeheer N.V. now owns 19,865 shares of the financial services provider’s stock valued at $7,087,000 after acquiring an additional 4,326 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its position in AON by 3.1% during the 2nd quarter. Pure Financial Advisors LLC now owns 10,632 shares of the financial services provider’s stock valued at $3,793,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON opened at $364.06 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. The stock has a fifty day simple moving average of $363.77 and a two-hundred day simple moving average of $364.00. The company has a market cap of $78.50 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business earned $2.93 EPS. AON’s quarterly revenue was up 10.5% compared to the same quarter last year. Research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AON. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. Barclays restated an “overweight” rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Evercore ISI upped their price objective on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday. Wolfe Research initiated coverage on shares of AON in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and increased their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AON has an average rating of “Moderate Buy” and an average price target of $415.06.

AON 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.