PUREfi Wealth LLC Buys New Shares in Aon plc (NYSE:AON)

PUREfi Wealth LLC bought a new stake in Aon plc (NYSE:AON) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,204 shares of the financial services provider’s stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Diamond Hill Capital Management Inc. acquired a new stake in AON during the 3rd quarter valued at $336,375,000. Veritas Asset Management LLP lifted its holdings in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in AON during the 3rd quarter valued at $906,040,000. Finally, Accredited Investors Inc. lifted its holdings in AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after purchasing an additional 238,258 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

AON stock opened at $387.22 on Friday. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business’s 50-day moving average price is $365.57 and its two-hundred day moving average price is $358.89. The stock has a market cap of $83.74 billion, a PE ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 EPS. As a group, analysts expect that Aon plc will post 17.24 earnings per share for the current fiscal 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. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is currently 21.33%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AON. Barclays raised their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Evercore ISI raised 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. JPMorgan Chase & Co. lifted 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. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One research 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $386.21.

Insider Transactions at AON

In other 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 sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.