Heck Capital Advisors LLC bought a new stake in shares of Aon plc (NYSE:AON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,892 shares of the financial services provider's stock, valued at approximately $1,039,000.
Other hedge funds have also added to or reduced their stakes in the company. Value Partners Investments Inc. boosted its position in AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider's stock worth $533,000 after purchasing an additional 28 shares during the period. V Square Quantitative Management LLC grew its stake in AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after purchasing an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after buying an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of AON by 3.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.
AON Stock Performance
Shares of NYSE:AON traded down $4.07 during midday trading on Wednesday, hitting $360.99. The company had a trading volume of 832,432 shares, compared to its average volume of 1,194,029. The company has a fifty day moving average of $368.27 and a two-hundred day moving average of $374.48. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 12-month low of $275.07 and a 12-month high of $412.97. The company has a market cap of $77.95 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.12 and a beta of 0.89.
AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. During the same quarter last year, the firm posted $5.66 EPS. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.83%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is presently 25.38%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on AON. Wells Fargo & Company lifted their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Redburn Partners set a $445.00 target price on AON in a research note on Tuesday, March 25th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Barclays cut their target price on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AON has an average rating of "Hold" and a consensus price target of $397.27.
View Our Latest Research Report on AON
About AON
(
Free Report)
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.
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