Vestcor Inc Acquires 216 Shares of Aon plc (NYSE:AON)

Vestcor Inc boosted its holdings in Aon plc (NYSE:AON) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,947 shares of the financial services provider’s stock after purchasing an additional 216 shares during the quarter. Vestcor Inc’s holdings in AON were worth $1,418,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hopwood Financial Services Inc. bought a new stake in AON in the 4th quarter valued at $237,000. Farther Finance Advisors LLC boosted its stake in AON by 7.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $361,000 after buying an additional 68 shares during the last quarter. HighTower Advisors LLC grew its holdings in AON by 0.7% during the 4th quarter. HighTower Advisors LLC now owns 38,596 shares of the financial services provider’s stock valued at $13,862,000 after buying an additional 258 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of 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 acquiring an additional 33 shares in the last quarter. Finally, Natural Investments LLC bought a new stake in AON in the fourth quarter worth $200,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 1.3 %

AON opened at $399.34 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock’s fifty day moving average is $381.36 and its two-hundred day moving average is $368.92. The company has a market capitalization of $86.26 billion, a P/E ratio of 31.54, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 prior year, the company earned $3.89 earnings per share. Analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada increased their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.