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

Fortis Capital Management LLC increased its holdings in shares of Aon plc (NYSE:AON) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm 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 and other institutional investors have also bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC bought a new stake in shares of AON during the fourth quarter worth approximately $32,000. Anchor Investment Management LLC boosted its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON during the fourth quarter worth approximately $39,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. One investment 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.com, AON presently has an average rating of “Hold” and an average target price of $386.21.

AON Stock Down 0.8 %

Shares of AON opened at $390.02 on Friday. Aon plc has a one year low of $268.06 and a one year high of $412.97. 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. 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 firm has a 50 day simple moving average of $385.41 and a two-hundred day simple moving average of $370.58.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $3.89 earnings per share. Research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is presently 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.