Transamerica Financial Advisors Inc. Invests $136,000 in Aon plc (NYSE:AON)

Transamerica Financial Advisors Inc. bought a new stake in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 378 shares of the financial services provider’s stock, valued at approximately $136,000.

A number of other institutional investors have also bought and sold shares of the business. Endeavor Private Wealth Inc. purchased a new stake in shares of AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its holdings in AON by 2,025.0% during the 4th 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 in the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of AON during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.3 %

Shares of NYSE AON opened at $394.22 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm has a 50-day simple moving average of $388.72 and a two-hundred day simple moving average of $372.20. The company has a market cap of $85.15 billion, a P/E ratio of 31.14, a PEG ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last posted 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 period in the prior year, the firm posted $3.89 EPS. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON’s payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

Several brokerages have commented on AON. Royal Bank of Canada boosted their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $386.21.

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.