HUB Investment Partners LLC Makes New $426,000 Investment in Aon plc (NYSE:AON)

HUB Investment Partners LLC purchased a new stake in shares of Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,185 shares of the financial services provider's stock, valued at approximately $426,000.

A number of other hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC raised its holdings in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock valued at $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock valued at $242,000 after buying an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in shares of AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock valued at $1,326,000 after buying an additional 33 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock worth $406,000 after acquiring an additional 33 shares during the period. Finally, Sandy Cove Advisors LLC increased its holdings in shares of AON by 3.5% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $361,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AON shares. Royal Bank of Canada lifted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Evercore ISI raised shares of 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 report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, AON has an average rating of "Hold" and a consensus price target of $386.21.

AON Price Performance

AON traded up $0.15 on Wednesday, hitting $396.29. 884,094 shares of the stock were exchanged, compared to its average volume of 1,105,178. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm has a market capitalization of $85.60 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.12 and a beta of 0.92. The business has a 50-day moving average of $386.85 and a two-hundred day moving average of $371.39.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 prior year, the company posted $3.89 EPS. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. 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.