Nemes Rush Group LLC Purchases New Shares in Aon plc (NYSE:AON)

Nemes Rush Group LLC acquired a new stake in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 154 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other institutional investors also recently modified their holdings of the stock. Endeavor Private Wealth Inc. bought a new position in AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of AON during the fourth quarter valued at $32,000. Anchor Investment Management LLC boosted its holdings in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in AON in 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 $396.11 on Thursday. The company has a fifty day moving average price of $390.57 and a 200 day moving average price of $373.27. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The firm has a market cap of $85.56 billion, a PE ratio of 31.29, a PEG ratio of 2.12 and a beta of 0.92. 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 posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 prior year, the firm earned $3.89 earnings per share. Research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AON shares. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upped 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. Finally, Keefe, Bruyette & Woods raised their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $386.21.

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.