Maripau Wealth Management LLC Makes New $275,000 Investment in Aon plc (NYSE:AON)

Maripau Wealth Management LLC bought a new position in shares of Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 766 shares of the financial services provider's stock, valued at approximately $275,000.

Other hedge funds have also bought and sold shares of the company. Diamond Hill Capital Management Inc. bought a new stake in AON during the third quarter worth $336,375,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock worth $9,530,000 after acquiring an additional 1,451 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the last quarter. State Street Corp lifted its position in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock valued at $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in AON by 13.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider's stock worth $57,345,000 after purchasing an additional 20,084 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Barclays upped their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Royal Bank of Canada boosted their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $386.21.

AON Price Performance

Shares of NYSE AON traded down $0.50 during trading hours on Wednesday, reaching $404.18. 1,452,428 shares of the stock traded hands, compared to its average volume of 1,082,498. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a market capitalization of $87.30 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company's 50-day simple moving average is $374.76 and its two-hundred day simple moving average is $365.64. 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 (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, topping the consensus estimate 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 firm earned $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON's payout ratio is 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.