Hantz Financial Services Inc. Sells 12,511 Shares of Aon plc $AON

Hantz Financial Services Inc. lowered its stake in Aon plc (NYSE:AON) by 20.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,394 shares of the financial services provider’s stock after selling 12,511 shares during the quarter. Hantz Financial Services Inc.’s holdings in AON were worth $17,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. Janney Montgomery Scott LLC lifted its stake in AON by 2.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,478 shares of the financial services provider’s stock valued at $4,095,000 after purchasing an additional 248 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of AON during the second quarter worth $98,000. OLD National Bancorp IN lifted its stake in shares of AON by 119.3% in the 2nd quarter. OLD National Bancorp IN now owns 4,693 shares of the financial services provider’s stock valued at $1,674,000 after acquiring an additional 2,553 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of AON by 115.9% during the 2nd quarter. Simplicity Wealth LLC now owns 4,240 shares of the financial services provider’s stock valued at $1,513,000 after acquiring an additional 2,276 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in AON by 2.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,311 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 48 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. Barclays upped their price objective on AON from $379.00 to $381.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. cut their target price on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Cantor Fitzgerald upped their price target on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company dropped their price target on shares of AON from $448.00 to $443.00 and set an “overweight” rating for the company in a research note on Sunday. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $409.75.

AON Trading Down 0.8%

AON opened at $346.68 on Wednesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a fifty day moving average of $347.90 and a 200-day moving average of $353.62. The stock has a market cap of $74.51 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.83. The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. AON had a net margin of 21.51% and a return on equity of 45.23%. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the firm posted $4.42 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, February 2nd. AON’s payout ratio is presently 17.51%.

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.