HUB Investment Partners LLC Makes New $426,000 Investment in Aon plc (NYSE:AON)

HUB Investment Partners LLC purchased a new stake in Aon plc (NYSE:AON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,185 shares of the financial services provider’s stock, valued at approximately $426,000.

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. increased its position in AON by 0.8% during the fourth quarter. Whittier Trust Co. now owns 5,307 shares of the financial services provider’s stock worth $1,906,000 after buying an additional 41 shares in the last quarter. Teacher Retirement System of Texas increased its position in AON by 306.3% during the 4th quarter. Teacher Retirement System of Texas now owns 72,850 shares of the financial services provider’s stock worth $26,165,000 after purchasing an additional 54,921 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in AON by 2.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 82,718 shares of the financial services provider’s stock valued at $29,709,000 after purchasing an additional 2,162 shares during the last quarter. Xponance Inc. lifted its holdings in AON by 3.1% in the 4th quarter. Xponance Inc. now owns 29,668 shares of the financial services provider’s stock valued at $10,656,000 after purchasing an additional 888 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of AON by 13.7% during the fourth quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock worth $731,799,000 after buying an additional 244,706 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AON. Piper Sandler raised their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI raised 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 report on Wednesday, January 8th. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $386.21.

AON Stock Performance

Shares of AON stock opened at $390.02 on Friday. The company’s fifty day simple moving average is $385.41 and its 200-day simple moving average is $370.41. 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 52 week low of $268.06 and a 52 week high of $412.97. The company has a market cap of $84.24 billion, a PE ratio of 30.81, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $3.89 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid 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 0.69%. AON’s dividend payout ratio is currently 21.33%.

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.