GWN Securities Inc. Invests $242,000 in Aon plc (NYSE:AON)

GWN Securities Inc. purchased a new position in shares of Aon plc (NYSE:AON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 655 shares of the financial services provider’s stock, valued at approximately $242,000.

A number of other hedge funds have also modified their holdings of AON. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares during the period. Anchor Investment Management LLC grew its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of AON during the 4th quarter worth $39,000. Finally, Kestra Investment Management LLC purchased a new position in AON during the 4th quarter valued at about $39,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AON shares. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays raised their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

Shares of NYSE AON opened at $390.90 on Tuesday. 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 fifty-two week low of $268.06 and a fifty-two week high of $412.97. The firm has a market capitalization of $84.43 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock’s 50-day simple moving average is $382.21 and its 200-day simple moving average is $369.46.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 last year, the firm posted $3.89 EPS. As a group, equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

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.