Bokf Na Sells 1,325 Shares of Aon plc (NYSE:AON)

Bokf Na trimmed its holdings in Aon plc (NYSE:AON) by 24.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,183 shares of the financial services provider’s stock after selling 1,325 shares during the quarter. Bokf Na’s holdings in AON were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC increased its stake in shares of AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after acquiring an additional 2,989 shares in the last quarter. California State Teachers Retirement System increased its stake in AON by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock valued at $96,549,000 after purchasing an additional 4,843 shares in the last quarter. Radnor Capital Management LLC increased its stake in AON by 203.6% during the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 4,218 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in AON during the 2nd quarter valued at about $31,000. Finally, Norden Group LLC bought a new stake in AON during the 1st quarter valued at about $2,044,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

AON opened at $347.85 on Monday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The company has a market cap of $75.57 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.24 and a beta of 0.92. The company’s 50 day moving average is $325.51 and its 200 day moving average is $310.19. Aon plc has a 12-month low of $268.06 and a 12-month high of $352.49.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the firm earned $2.76 EPS. AON’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities research analysts predict that Aon plc will post 15.23 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

Analyst Ratings Changes

AON has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Piper Sandler raised their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price target on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised their price target on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given 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 $337.27.

AON Profile

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.