HighPoint Advisor Group LLC Acquires 56 Shares of Aon plc (NYSE:AON)

HighPoint Advisor Group LLC lifted its stake in Aon plc (NYSE:AON) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,706 shares of the financial services provider’s stock after buying an additional 56 shares during the quarter. HighPoint Advisor Group LLC’s holdings in AON were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. acquired a new position in AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in AON by 2,025.0% during the 4th 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 last quarter. Millstone Evans Group LLC acquired a new position in AON in the fourth quarter worth $32,000. Anchor Investment Management LLC grew 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 purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors.

AON Stock Up 1.0 %

Shares of AON stock opened at $398.63 on Tuesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The stock has a market cap of $86.10 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.12 and a beta of 0.92. The firm’s 50-day moving average is $389.38 and its 200-day moving average is $372.75. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the business earned $3.89 earnings per share. Sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given 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 yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AON shares. Piper Sandler increased their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Royal Bank of Canada lifted their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on shares of 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 lifted their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.