Motley Fool Asset Management LLC Purchases 1,830 Shares of Aon plc (NYSE:AON)

Motley Fool Asset Management LLC lifted its position in shares of Aon plc (NYSE:AON) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,672 shares of the financial services provider’s stock after buying an additional 1,830 shares during the period. Motley Fool Asset Management LLC’s holdings in AON were worth $11,375,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. grew its position in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new position in AON during the fourth quarter worth about $32,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% in 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 last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of AON during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective 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. 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 research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler lifted 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, JPMorgan Chase & Co. upped their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.7 %

NYSE:AON opened at $396.11 on Thursday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The firm’s fifty day moving average is $390.57 and its 200-day moving average is $373.27. The firm has a market cap of $85.56 billion, a P/E ratio of 31.29, 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 quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last issued its quarterly 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the prior year, the company posted $3.89 earnings per share. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current 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 paid a $0.675 dividend. 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 (DPR) is presently 21.33%.

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.