Aon plc (NYSE:AON) Stake Raised by Waterfront Wealth Inc.

Waterfront Wealth Inc. grew its holdings in shares of Aon plc (NYSE:AON) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,745 shares of the financial services provider’s stock after purchasing an additional 131 shares during the period. Waterfront Wealth Inc.’s holdings in AON were worth $986,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. boosted its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Anchor Investment Management LLC increased its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services purchased a new stake in AON during the third quarter valued at about $37,000. Finally, Kestra Investment Management LLC acquired a new position in shares of AON in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Trading Down 0.9 %

NYSE:AON opened at $389.51 on Friday. The company has a market capitalization of $84.13 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.15 and a beta of 0.93. The stock’s 50 day moving average price is $368.55 and its 200 day moving average price is $361.55. 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 52 week low of $268.06 and a 52 week high of $395.65.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS 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 quarter last year, the business posted $3.89 EPS. On average, research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AON shares. Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler increased their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $386.21.

About AON

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.