Exencial Wealth Advisors LLC Increases Stock Position in Aon plc (NYSE:AON)

Exencial Wealth Advisors LLC boosted its stake in shares of Aon plc (NYSE:AON) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,535 shares of the financial services provider’s stock after acquiring an additional 115 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in AON were worth $3,065,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in AON by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after buying an additional 31,021 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of AON by 29.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,807 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 408 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in shares of AON by 2.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,790 shares of the financial services provider’s stock worth $2,439,000 after purchasing an additional 139 shares in the last quarter. Plato Investment Management Ltd lifted its position in shares of AON by 28.0% during the fourth quarter. Plato Investment Management Ltd now owns 6,126 shares of the financial services provider’s stock worth $2,208,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of AON by 24.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,808 shares of the financial services provider’s stock worth $1,368,000 after purchasing an additional 744 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.0 %

AON stock opened at $405.21 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company’s 50 day moving average is $374.76 and its two-hundred day moving average is $365.64. The stock has a market cap of $87.53 billion, a P/E ratio of 32.01, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 quarter in the previous year, the company earned $3.89 EPS. Research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

Several analysts have recently issued reports on AON shares. Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler raised their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. One 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.