Conservest Capital Advisors Inc. Invests $516,000 in Aon plc (NYSE:AON)

Conservest Capital Advisors Inc. acquired a new position in shares of Aon plc (NYSE:AON) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,436 shares of the financial services provider’s stock, valued at approximately $516,000.

Other large investors have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its holdings in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the period. Anchor Investment Management LLC raised its holdings in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the period. First Personal Financial Services purchased a new position in AON in the third quarter valued at approximately $37,000. Finally, Centricity Wealth Management LLC purchased a new position in AON in the fourth quarter valued at approximately $39,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Up 1.3 %

AON stock opened at $409.15 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $409.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $88.38 billion, a P/E ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93. The firm has a 50 day simple moving average of $372.88 and a 200-day simple moving average of $364.09.

AON (NYSE:AON) last released its earnings results 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 net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business earned $3.89 earnings per share. On average, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid 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 0.66%. AON’s payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AON. Piper Sandler lifted their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.