Proficio Capital Partners LLC Purchases 390,017 Shares of Aon plc (NYSE:AON)

Proficio Capital Partners LLC grew its holdings in shares of Aon plc (NYSE:AON - Free Report) by 43,000.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 390,924 shares of the financial services provider's stock after acquiring an additional 390,017 shares during the quarter. Proficio Capital Partners LLC owned about 0.18% of AON worth $140,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AON. Oppenheimer & Co. Inc. lifted its holdings in AON by 196.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,416 shares of the financial services provider's stock worth $868,000 after purchasing an additional 1,600 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of AON by 1.9% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 78,700 shares of the financial services provider's stock worth $28,266,000 after buying an additional 1,500 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of AON by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 28,974 shares of the financial services provider's stock valued at $10,406,000 after buying an additional 98 shares during the period. Impact Investors Inc bought a new position in AON during the fourth quarter valued at about $532,000. Finally, Lake Street Advisors Group LLC grew its holdings in AON by 2.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,110 shares of the financial services provider's stock worth $758,000 after acquiring an additional 50 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Stock Up 1.3 %

Shares of NYSE AON traded up $5.15 during mid-day trading on Friday, reaching $409.15. The company had a trading volume of 1,641,942 shares, compared to its average volume of 1,087,155. The stock has a fifty day moving average of $372.88 and a two-hundred day moving average of $364.35. Aon plc has a 12-month low of $268.06 and a 12-month high of $409.99. The company has a market capitalization of $88.38 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON - Get Free Report) last released its 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 prior year, the business posted $3.89 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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 dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. AON's dividend payout ratio is 21.33%.

Analysts Set New Price Targets

Several research analysts have issued reports on AON shares. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Evercore ISI upgraded 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 report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. BMO Capital Markets lifted their price target on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $386.21.

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.