Aon plc (NYSE:AON) Shares Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its stake in shares of Aon plc (NYSE:AON) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,706 shares of the financial services provider’s stock after acquiring an additional 56 shares during the quarter. HighPoint Advisor Group LLC’s holdings in AON were worth $1,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. V Square Quantitative Management LLC lifted its holdings 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 valued at $840,000 after acquiring an additional 31 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in AON by 5.2% in the 4th 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 in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in AON by 0.9% during the 4th 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 during the period. Moors & Cabot Inc. boosted its stake in AON by 3.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 33 shares during the period. Finally, Sandy Cove Advisors LLC raised its position in AON by 3.5% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $361,000 after buying an additional 34 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods boosted their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Piper Sandler increased their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Up 1.0 %

Shares of AON stock opened at $398.63 on Tuesday. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $86.10 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a 50 day moving average of $389.38 and a 200-day moving average of $372.75.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the firm posted $3.89 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

About AON

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.