Hilltop National Bank Takes $232,000 Position in Aon plc $AON

Hilltop National Bank acquired a new stake in shares of Aon plc (NYSE:AON) in the second quarter, HoldingsChannel.com reports. The firm acquired 649 shares of the financial services provider’s stock, valued at approximately $232,000.

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

Analysts Set New Price Targets

AON has been the subject of several research analyst reports. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $438.00 price target (up from $436.00) on shares of AON in a research note on Thursday, July 10th. Citigroup began coverage on shares of AON in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research report on Saturday, September 27th. Finally, Evercore ISI lifted their price objective on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and an average target price of $415.06.

AON Stock Performance

Shares of NYSE AON opened at $364.06 on Friday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The firm has a 50 day moving average of $363.77 and a 200 day moving average of $364.00. 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 capitalization 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 (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current 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 paid a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON’s payout ratio is 24.96%.

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.