HUB Investment Partners LLC Makes New Investment in Aon plc (NYSE:AON)

HUB Investment Partners LLC purchased a new stake in Aon plc (NYSE:AON) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,185 shares of the financial services provider’s stock, valued at approximately $426,000.

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

AON Trading Down 0.8 %

Shares of AON stock opened at $390.02 on Friday. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. 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’s fifty day moving average price is $385.41 and its 200 day moving average price is $370.41. The firm has a market capitalization of $84.24 billion, a PE ratio of 30.81, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS 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 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AON. Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Royal Bank of Canada raised their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Piper Sandler upped 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 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, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and a consensus 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.