Proficio Capital Partners LLC Acquires 390,017 Shares of Aon plc (NYSE:AON)

Proficio Capital Partners LLC grew its holdings in Aon plc (NYSE:AON) by 43,000.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,924 shares of the financial services provider’s stock after acquiring an additional 390,017 shares during the quarter. Proficio Capital Partners LLC owned 0.18% of AON worth $140,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diamond Hill Capital Management Inc. acquired a new position in AON in the 3rd quarter valued at approximately $336,375,000. Veritas Asset Management LLP raised its stake in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AON by 334.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares during the period. Bank of New York Mellon Corp boosted its stake in AON by 15.5% during the fourth 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 buying an additional 343,592 shares in the last quarter. Finally, Accredited Investors Inc. increased its holdings in AON by 5,694.5% in the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after buying an additional 238,258 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.3 %

AON stock opened at $398.74 on Thursday. The business has a fifty day moving average of $370.87 and a 200-day moving average of $363.26. The company has a market cap of $86.13 billion, a P/E ratio of 31.50, a PEG ratio of 2.12 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $400.22. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

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 net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the firm posted $3.89 EPS. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AON. Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $386.21.

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.