Vestcor Inc Boosts Stock Position in Aon plc (NYSE:AON)

Vestcor Inc grew its position in Aon plc (NYSE:AON) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,947 shares of the financial services provider’s stock after buying an additional 216 shares during the period. Vestcor Inc’s holdings in AON were worth $1,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Valley Wealth Managers Inc. boosted its stake in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 28 shares in the last quarter. Intellectus Partners LLC grew its stake in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after buying an additional 31 shares during the last quarter. V Square Quantitative Management LLC increased its position in AON by 1.3% during 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 buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after buying an additional 33 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of AON by 0.9% during 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 acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.3 %

AON stock opened at $399.34 on Friday. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The stock has a market capitalization of $86.26 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $381.36 and a 200-day simple moving average of $368.92.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 previous year, the firm earned $3.89 earnings per share. On average, analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AON. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. 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. Finally, Wells Fargo & Company increased their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.