Sagespring Wealth Partners LLC Invests $525,000 in Aon plc (NYSE:AON)

Sagespring Wealth Partners LLC bought a new position in Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,463 shares of the financial services provider's stock, valued at approximately $525,000.

A number of other large investors have also bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new stake in AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its position 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 in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of AON in the 4th quarter worth about $32,000. Anchor Investment Management LLC lifted its position in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in AON during the 4th quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Redburn Atlantic upgraded AON to a "hold" rating in a research note on Tuesday, March 25th. Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Redburn Partners set a $445.00 target price on shares of AON in a research report on Tuesday, March 25th. Finally, Barclays cut their target price on AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $393.87.

AON Stock Down 1.5 %

NYSE:AON traded down $5.74 during trading hours on Friday, reaching $367.08. 1,562,803 shares of the company traded hands, compared to its average volume of 1,226,689. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The business's 50-day moving average price is $389.51 and its two-hundred day moving average price is $375.29. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The stock has a market capitalization of $79.29 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) 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 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 period in the previous year, the business posted $3.89 EPS. Analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.81%. AON's payout ratio is currently 23.54%.

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.