Clune & Associates LTD. Purchases New Position in Aon plc (NYSE:AON)

Clune & Associates LTD. acquired a new stake in Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,483 shares of the financial services provider's stock, valued at approximately $1,610,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter worth $29,000. Richardson Financial Services Inc. raised its position in shares of 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 buying an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in AON during the fourth quarter worth approximately $32,000. Anchor Investment Management LLC increased its holdings 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 buying an additional 93 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in AON during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AON. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and increased their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, AON has an average rating of "Hold" and an average price target of $386.21.

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AON Stock Down 1.3 %

NYSE:AON traded down $5.32 during trading hours on Friday, hitting $394.22. 1,142,323 shares of the company traded hands, compared to its average volume of 1,192,492. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm's 50-day simple moving average is $388.72 and its 200-day simple moving average is $372.06. 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 $85.15 billion, a PE ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $3.89 earnings per share. Equities analysts predict that Aon plc will post 17.21 earnings per share for the current 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 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 dividend yield of 0.68%. AON's dividend payout ratio is presently 21.33%.

AON Company 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.