Phoenix Financial Ltd. Purchases 3,100 Shares of Aon plc $AON

Phoenix Financial Ltd. increased its position in Aon plc (NYSE:AON) by 98.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,243 shares of the financial services provider’s stock after purchasing an additional 3,100 shares during the quarter. Phoenix Financial Ltd.’s holdings in AON were worth $2,226,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co increased its holdings in shares of AON by 7.1% in the third quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 28 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in AON by 1.0% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 3,242 shares of the financial services provider’s stock worth $1,157,000 after acquiring an additional 33 shares during the period. Busey Bank grew its holdings in shares of AON by 0.3% during the 3rd quarter. Busey Bank now owns 9,565 shares of the financial services provider’s stock worth $3,411,000 after purchasing an additional 33 shares in the last quarter. Rossby Financial LCC grew its stake in AON by 9.1% during the second quarter. Rossby Financial LCC now owns 406 shares of the financial services provider’s stock worth $145,000 after buying an additional 34 shares in the last quarter. Finally, Heritage Family Offices LLP raised its position in AON by 1.5% during the third quarter. Heritage Family Offices LLP now owns 2,308 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 2.5%

AON stock opened at $330.27 on Wednesday. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The stock has a market cap of $70.99 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.73 and a beta of 0.84. The stock’s fifty day simple moving average is $348.10 and its two-hundred day simple moving average is $354.01. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business earned $2.72 earnings per share. AON’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of recent research reports. Evercore ISI reaffirmed an “outperform” rating and issued a $436.00 target price on shares of AON in a report on Wednesday, January 7th. The Goldman Sachs Group set a $395.00 target price on AON in a report on Wednesday, January 7th. Cantor Fitzgerald lowered their price target on shares of AON from $450.00 to $393.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Mizuho set a $387.00 price objective on AON in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $408.47.

About AON

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.