Canopy Partners LLC Invests $217,000 in Aon plc (NYSE:AON)

Canopy Partners LLC purchased a new stake in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 603 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. increased its holdings in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of AON during the fourth quarter worth approximately $32,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in AON in the 4th quarter valued at $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

AON stock opened at $375.94 on Monday. The stock’s 50 day moving average price is $391.32 and its 200 day moving average price is $373.94. The firm has a market cap of $81.20 billion, a P/E ratio of 29.69, a PEG ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company earned $3.89 EPS. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

Analysts Set New Price Targets

AON has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Evercore ISI raised 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. Finally, Redburn Atlantic raised AON to a “hold” rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $386.21.

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.