MassMutual Private Wealth & Trust FSB Has $257,000 Stake in Aon plc $AON

MassMutual Private Wealth & Trust FSB trimmed its position in Aon plc (NYSE:AON) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 720 shares of the financial services provider’s stock after selling 71 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in AON were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. Relyea Zuckerberg Hanson LLC grew its stake in shares of AON by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 27 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of AON by 0.4% during the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after purchasing an additional 29 shares during the period. HHM Wealth Advisors LLC raised its holdings in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares during the period. Catalyst Financial Partners LLC raised its holdings in shares of AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 30 shares during the period. Finally, Wesbanco Bank Inc. raised its holdings in shares of AON by 0.3% during the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider’s stock valued at $4,765,000 after purchasing an additional 31 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AON shares. Wells Fargo & Company reissued an “overweight” rating and set a $438.00 target price (up from $436.00) on shares of AON in a research report on Thursday, July 10th. Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and upped their price objective for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Citigroup initiated coverage on shares of AON in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price objective for the company. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. Finally, Barclays reissued an “overweight” rating and set a $420.00 target price (up from $401.00) on shares of AON in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AON currently has an average rating of “Moderate Buy” and an average target price of $414.69.

AON Price Performance

AON stock opened at $352.86 on Friday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. 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’s 50-day moving average price is $364.04 and its two-hundred day moving average price is $367.25. The stock has a market capitalization of $76.09 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.12 and a beta of 0.87.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the company earned $2.93 earnings per share. AON’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm 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 of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s payout ratio is presently 24.96%.

AON Company 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.