PUREfi Wealth LLC Purchases New Position in Aon plc (NYSE:AON)

PUREfi Wealth LLC acquired a new stake in shares of Aon plc (NYSE:AON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,204 shares of the financial services provider's stock, valued at approximately $432,000.

Several other large investors have also made changes to their positions in the company. Valley Wealth Managers Inc. increased its stake in AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 28 shares during the period. Intellectus Partners LLC raised its stake in shares of AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock valued at $343,000 after purchasing an additional 31 shares in the last quarter. V Square Quantitative Management LLC lifted its position in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after buying an additional 33 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in AON by 0.9% in the 4th 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 period. Institutional investors own 86.14% of the company's stock.

AON Stock Up 1.0 %

AON stock traded up $3.76 during mid-day trading on Wednesday, reaching $394.85. The stock had a trading volume of 854,251 shares, compared to its average volume of 1,028,995. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.65. The stock's 50-day simple moving average is $366.73 and its 200-day simple moving average is $360.64. The firm has a market capitalization of $85.40 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.93.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data 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 quarter in the previous year, the firm posted $3.89 EPS. On average, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AON has an average rating of "Hold" and an average price target of $386.21.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

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.