Haverford Financial Services Inc. Decreases Position in Aon plc (NYSE:AON)

Haverford Financial Services Inc. lessened its holdings in Aon plc (NYSE:AON) by 11.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,907 shares of the financial services provider’s stock after selling 2,461 shares during the quarter. AON accounts for 1.7% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 29th biggest position. Haverford Financial Services Inc.’s holdings in AON were worth $5,551,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in AON by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA raised its position in AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares during the period. Capital International Investors raised its position in AON by 0.4% in the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after purchasing an additional 22,346 shares during the period. Mawer Investment Management Ltd. raised its position in AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares during the period. Finally, Sustainable Growth Advisers LP increased its position in shares of AON by 4.7% in the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock valued at $936,151,000 after acquiring an additional 127,173 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.0 %

AON stock opened at $349.31 on Thursday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $353.54. The business’s 50 day moving average price is $328.77 and its two-hundred day moving average price is $310.95. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market capitalization of $75.88 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last posted 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). The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.76 EPS. As a group, analysts forecast that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. AON’s payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AON shares. Citigroup started coverage on shares of AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Morgan Stanley decreased their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Barclays started coverage on shares of AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price 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.