Hsbc Holdings PLC Has $67.70 Million Stock Holdings in Aon plc $AON

Hsbc Holdings PLC increased its holdings in shares of Aon plc (NYSE:AON) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,679 shares of the financial services provider’s stock after buying an additional 16,890 shares during the quarter. Hsbc Holdings PLC’s holdings in AON were worth $67,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AON. Sound View Wealth Advisors Group LLC boosted its position in AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 29 shares during the period. Kathmere Capital Management LLC lifted its position in shares of AON by 2.1% in the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 32 shares in the last quarter. City National Bank of Florida MSD lifted its position in shares of AON by 3.8% in the fourth quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 32 shares in the last quarter. Westpac Banking Corp grew its position in AON by 5.6% during the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 33 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its position in AON by 1.8% during the fourth quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. Piper Sandler cut their price objective on AON from $360.00 to $355.00 and set an “overweight” rating for the company in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of AON in a research report on Monday, March 16th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, AON presently has a consensus rating of “Moderate Buy” and an average price target of $394.94.

AON Price Performance

NYSE AON opened at $314.58 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $67.19 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00. The company has a 50 day moving average price of $322.49 and a two-hundred day moving average price of $331.41.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the business posted $5.67 EPS. AON’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio is 18.00%.

AON Profile

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.