Haverford Trust Co Raises Position in Aon plc (NYSE:AON)

Haverford Trust Co increased its position in shares of Aon plc (NYSE:AON - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 340,218 shares of the financial services provider's stock after buying an additional 3,178 shares during the quarter. AON comprises about 1.2% of Haverford Trust Co's portfolio, making the stock its 27th biggest position. Haverford Trust Co owned approximately 0.16% of AON worth $122,193,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. lifted its stake 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 position in shares of AON during the fourth quarter valued at about $32,000. Anchor Investment Management LLC increased its position 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 acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Performance

AON traded down $5.32 on Friday, hitting $394.22. The company's stock had a trading volume of 1,142,323 shares, compared to its average volume of 1,192,492. The company's 50 day simple moving average is $388.72 and its 200-day simple moving average is $372.06. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm has a market cap of $85.15 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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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 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 period in the previous year, the firm earned $3.89 earnings per share. Analysts forecast that Aon plc will post 17.21 EPS 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 issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's payout ratio is 21.33%.

Analysts Set New Price Targets

A number of analysts have commented on the company. 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 report on Monday, February 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler raised their price objective on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $386.21.

About AON

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.