Shelton Capital Management Boosts Stock Position in Aon plc (NYSE:AON)

Shelton Capital Management raised its holdings in shares of Aon plc (NYSE:AON) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the financial services provider’s stock after purchasing an additional 46 shares during the period. Shelton Capital Management’s holdings in AON were worth $442,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Canopy Partners LLC bought a new position in shares of AON during the 4th quarter valued at $217,000. Invesco Ltd. boosted its position in shares of AON by 5.8% during the fourth quarter. Invesco Ltd. now owns 1,021,021 shares of the financial services provider’s stock valued at $366,710,000 after buying an additional 56,076 shares during the period. FMR LLC boosted its position in shares of AON by 43.4% during the fourth quarter. FMR LLC now owns 902,192 shares of the financial services provider’s stock valued at $324,031,000 after buying an additional 273,236 shares during the period. Garrison Point Advisors LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $270,000. Finally, Ilmarinen Mutual Pension Insurance Co bought a new position in AON in the fourth quarter worth approximately $9,472,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $373.79 on Thursday. The business’s 50-day moving average price is $390.77 and its 200-day moving average price is $374.21. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm has a market capitalization of $80.74 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.12 and a beta of 0.82. 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 (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. AON’s dividend payout ratio is currently 21.33%.

Analysts Set New Price Targets

Several equities research analysts have commented on AON shares. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Piper Sandler raised their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $391.13.

About AON

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.