Fortis Capital Management LLC Purchases 73 Shares of Aon plc (NYSE:AON)

Fortis Capital Management LLC raised its position in Aon plc (NYSE:AON) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,620 shares of the financial services provider’s stock after buying an additional 73 shares during the period. Fortis Capital Management LLC’s holdings in AON were worth $4,892,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AON. State Street Corp boosted its position in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after purchasing an additional 38,447 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after purchasing an additional 343,592 shares during the last quarter. Boston Partners boosted its position in shares of AON by 13.7% in the 4th quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock worth $731,799,000 after purchasing an additional 244,706 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its position in shares of AON by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider’s stock worth $475,251,000 after purchasing an additional 7,010 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

NYSE:AON opened at $390.02 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day simple moving average is $385.41 and its 200 day simple moving average is $370.58. The company has a market cap of $84.24 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 period in the prior year, the company earned $3.89 EPS. As a group, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent analyst reports. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $386.21.

AON 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.