Clune & Associates LTD. Invests $1.61 Million in Aon plc (NYSE:AON)

Clune & Associates LTD. bought a new position in shares of Aon plc (NYSE:AON) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,483 shares of the financial services provider’s stock, valued at approximately $1,610,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC lifted its holdings in AON by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 33 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 33 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its holdings in AON by 3.5% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 34 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AON shares. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

AON stock opened at $390.02 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The stock has a market capitalization of $84.24 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a fifty day moving average of $385.41 and a 200-day moving average of $370.74.

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 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 company posted $3.89 earnings per share. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s dividend payout ratio is currently 21.33%.

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.