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

Proficio Capital Partners LLC lifted its position in Aon plc (NYSE:AON) by 43,000.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 390,924 shares of the financial services provider’s stock after purchasing an additional 390,017 shares during the period. Proficio Capital Partners LLC’s holdings in AON were worth $140,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB bought a new position in shares of AON during the third quarter worth $20,856,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in AON in the third quarter valued at about $212,000. Autumn Glory Partners LLC bought a new stake in shares of AON in the third quarter worth about $311,000. abrdn plc raised its position in shares of AON by 4.1% during the third quarter. abrdn plc now owns 80,825 shares of the financial services provider’s stock worth $27,891,000 after purchasing an additional 3,187 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of AON by 23.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,196 shares of the financial services provider’s stock valued at $2,144,000 after purchasing an additional 1,189 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of a number of research reports. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $386.21.

AON Stock Up 0.3 %

AON stock opened at $398.74 on Thursday. Aon plc has a twelve month low of $268.06 and a twelve month high of $400.22. The company has a market cap of $86.13 billion, a price-to-earnings ratio of 31.50, a P/E/G ratio of 2.12 and a beta of 0.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50 day moving average price of $370.87 and a two-hundred day moving average price of $363.26.

AON (NYSE:AON) last issued its earnings results 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 prior year, the business earned $3.89 EPS. Analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is 21.33%.

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.