Fortis Capital Advisors LLC Takes $1.14 Million Position in Aon plc $AON

Key Points

• Fortis Capital Advisors LLC acquired 2,850 new shares of Aon plc, totaling approximately $1.137 million, in the 1st quarter of the year.
• Aon reported a 10.5% year-over-year revenue increase to $4.16 billion and an EPS of $3.49, surpassing analysts' expectations.
• The company's recent quarterly dividend was set at $0.745 per share, representing an annual yield of 0.8% and a payout ratio of 24.96%.

Fortis Capital Advisors LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,850 shares of the financial services provider's stock, valued at approximately $1,137,000.

Several other institutional investors and hedge funds have also made changes to their positions in AON. Fiduciary Trust Co boosted its holdings in shares of AON by 11.2% during the 4th quarter. Fiduciary Trust Co now owns 941 shares of the financial services provider's stock worth $338,000 after purchasing an additional 95 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in AON by 38.5% in the fourth quarter. Gotham Asset Management LLC now owns 17,779 shares of the financial services provider's stock valued at $6,386,000 after acquiring an additional 4,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AON by 0.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,212 shares of the financial services provider's stock valued at $7,619,000 after acquiring an additional 122 shares during the last quarter. Nuveen Asset Management LLC raised its position in AON by 32.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,025,667 shares of the financial services provider's stock valued at $368,378,000 after purchasing an additional 248,707 shares during the period. Finally, NorthRock Partners LLC raised its position in AON by 274.7% in the fourth quarter. NorthRock Partners LLC now owns 3,646 shares of the financial services provider's stock valued at $1,310,000 after purchasing an additional 2,673 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the topic of a number of research analyst reports. Barclays restated an "overweight" rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Piper Sandler lifted their target price on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Evercore ISI lifted their target price on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $385.00 to $430.00 in a research report on Thursday. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $415.50.

AON Trading Down 0.0%

NYSE:AON traded down $0.13 during trading hours on Friday, reaching $372.12. 844,376 shares of the stock were exchanged, compared to its average volume of 1,022,671. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The business has a 50-day moving average of $363.89 and a two-hundred day moving average of $368.55. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a market capitalization of $80.24 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.21 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio (DPR) is presently 24.96%.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.