Millstone Evans Group LLC Makes New Investment in Aon plc (NYSE:AON)

Millstone Evans Group LLC acquired a new position in Aon plc (NYSE:AON) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 90 shares of the financial services provider’s stock, valued at approximately $32,000.

Several other large investors have also made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its holdings in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Anchor Investment Management LLC increased its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. Centricity Wealth Management LLC bought a new position in shares of AON during the 4th quarter worth about $39,000. Finally, Kestra Investment Management LLC bought a new stake in shares of AON in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.8 %

Shares of AON opened at $393.28 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $84.95 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 2.12 and a beta of 0.92. The stock has a fifty day moving average price of $386.18 and a two-hundred day moving average price of $371.05. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97.

AON (NYSE:AON) last issued 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 business posted $3.89 EPS. Analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Upgrades and Downgrades

Several research firms have commented on AON. Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $386.21.

AON 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.