Proficio Capital Partners LLC Purchases 181 Shares of Aon plc (NYSE:AON)

Proficio Capital Partners LLC lifted its position in Aon plc (NYSE:AON) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,088 shares of the financial services provider’s stock after purchasing an additional 181 shares during the quarter. Proficio Capital Partners LLC’s holdings in AON were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AON. Assetmark Inc. raised its stake in AON by 11.2% during the fourth quarter. Assetmark Inc. now owns 8,942 shares of the financial services provider’s stock valued at $3,212,000 after purchasing an additional 898 shares in the last quarter. Keybank National Association OH raised its position in shares of AON by 2.6% during the 4th quarter. Keybank National Association OH now owns 7,665 shares of the financial services provider’s stock valued at $2,753,000 after buying an additional 196 shares in the last quarter. Exencial Wealth Advisors LLC lifted its holdings in shares of AON by 1.4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 8,535 shares of the financial services provider’s stock valued at $3,065,000 after acquiring an additional 115 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock worth $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in AON by 29.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,807 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 408 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 0.7 %

AON stock opened at $396.03 on Wednesday. The company has a market capitalization of $85.54 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The firm’s fifty day simple moving average is $386.85 and its 200-day simple moving average is $371.39. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

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

AON Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AON shares. 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 note on Wednesday, February 5th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.