Verus Capital Partners LLC Has $217,000 Stake in Aon plc (NYSE:AON)

Verus Capital Partners LLC decreased its position in Aon plc (NYSE:AON) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605 shares of the financial services provider’s stock after selling 30 shares during the quarter. Verus Capital Partners LLC’s holdings in AON were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. increased its position in shares of 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 acquiring an additional 81 shares during the last quarter. Anchor Investment Management LLC increased its position 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 valued at $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of AON in the third quarter valued at about $37,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.3 %

Shares of NYSE:AON opened at $409.15 on Friday. Aon plc has a 12-month low of $268.06 and a 12-month high of $409.99. The stock has a market cap of $88.38 billion, a PE ratio of 32.32, a P/E/G ratio of 2.12 and a beta of 0.93. The business has a 50 day moving average of $372.88 and a 200-day moving average of $364.35. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company earned $3.89 earnings per share. As a group, equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. 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 report on Wednesday, February 5th. Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One investment 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, AON presently has an average 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.