Bokf Na Has $1.82 Million Stake in Aon plc (NYSE:AON)

Bokf Na grew its holdings in shares of Aon plc (NYSE:AON) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,508 shares of the financial services provider’s stock after acquiring an additional 147 shares during the quarter. Bokf Na’s holdings in AON were worth $1,815,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after acquiring an additional 64,500 shares in the last quarter. Capital International Investors raised its stake in AON by 0.4% during the fourth quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after acquiring an additional 22,346 shares in the last quarter. Sustainable Growth Advisers LP raised its stake in AON by 4.7% during the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after acquiring an additional 127,173 shares in the last quarter. Mackenzie Financial Corp raised its stake in AON by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after acquiring an additional 179,238 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AON by 32.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock valued at $648,663,000 after buying an additional 471,424 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In other AON news, Director Lester B. Knight purchased 10,000 shares of AON stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the transaction, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is owned by company insiders.

AON Stock Performance

Shares of AON stock traded up $24.05 on Friday, reaching $323.00. 3,070,450 shares of the company’s stock were exchanged, compared to its average volume of 1,061,628. The company has a market capitalization of $70.23 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.15 and a beta of 0.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $344.68. The firm’s 50-day moving average is $292.59 and its two-hundred day moving average is $302.65.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.16). The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. AON’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 earnings per share. On average, analysts expect that Aon plc will post 15.37 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 1st. AON’s payout ratio is 21.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AON shares. Wells Fargo & Company lowered their price objective on AON from $289.00 to $287.00 and set an “underweight” rating for the company in a research note on Tuesday, July 2nd. Citigroup started coverage on AON in a research note on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods upped their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler lowered their price objective on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $321.36.

About AON

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.