Czech National Bank Has $12.16 Million Stock Position in Aon plc (NYSE:AON)

Czech National Bank increased its stake in shares of Aon plc (NYSE:AON) by 17.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,433 shares of the financial services provider’s stock after buying an additional 6,205 shares during the period. Czech National Bank’s holdings in AON were worth $12,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in AON during the 4th quarter worth about $31,000. Rise Advisors LLC bought a new stake in AON during the 1st quarter worth about $37,000. Turtle Creek Wealth Advisors LLC bought a new stake in AON during the 4th quarter worth about $43,000. First United Bank & Trust bought a new stake in shares of AON in the 4th quarter valued at about $44,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON traded down $1.05 during midday trading on Monday, reaching $328.39. 53,874 shares of the stock were exchanged, compared to its average volume of 1,291,950. Aon plc has a twelve month low of $268.06 and a twelve month high of $344.68. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market cap of $71.34 billion, a P/E ratio of 25.82, a PEG ratio of 2.11 and a beta of 0.91. The stock’s 50 day simple moving average is $301.47 and its 200 day simple moving average is $304.29.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.76 EPS. On average, sell-side analysts expect that Aon plc will post 15.28 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, August 1st. AON’s payout ratio is 21.16%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley lowered their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $313.00 to $380.00 in a research note on Tuesday, July 30th. Wells Fargo & Company increased their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $330.21.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.