Hantz Financial Services Inc. Sells 8,124 Shares of Aon plc $AON

Hantz Financial Services Inc. reduced its position in shares of Aon plc (NYSE:AON) by 16.8% in the 4th quarter, HoldingsChannel reports. The firm owned 40,270 shares of the financial services provider’s stock after selling 8,124 shares during the period. Hantz Financial Services Inc.’s holdings in AON were worth $14,210,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its holdings in shares of AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in AON during the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in AON in the 4th quarter valued at $30,000. Strive Asset Management LLC bought a new stake in shares of AON during the third quarter worth $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of AON in the third quarter valued at $37,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of several research reports. Cantor Fitzgerald upped their price target on shares of AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Morgan Stanley reduced their target price on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating and set a $408.00 price target on shares of AON in a research note on Monday, February 2nd. Citigroup upped their price objective on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Mizuho lowered their target price on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.00.

AON Trading Down 0.0%

AON opened at $324.73 on Monday. The firm has a 50 day simple moving average of $321.84 and a 200 day simple moving average of $334.91. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The company has a market cap of $69.36 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $5.67 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 19.07 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is presently 16.36%.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.