Linscomb Wealth Inc. Acquires New Shares in Aon plc (NYSE:AON)

Linscomb Wealth Inc. bought a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,555 shares of the financial services provider’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Endeavor Private Wealth Inc. acquired a new position in AON during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the period. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services acquired a new stake in AON during the 3rd quarter worth $37,000. Finally, Centricity Wealth Management LLC bought a new position in AON during the fourth quarter worth about $39,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

Shares of NYSE AON opened at $409.15 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $409.99. The stock has a market capitalization of $88.38 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50-day moving average of $372.88 and a 200-day moving average of $364.09.

AON (NYSE:AON) last posted its quarterly 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 business posted $3.89 EPS. As a group, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AON shares. Wells Fargo & Company raised 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. Barclays raised their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $386.21.

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.