SVB Wealth LLC Acquires New Holdings in Aon plc (NYSE:AON)

SVB Wealth LLC acquired a new stake in shares of Aon plc (NYSE:AON) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,578 shares of the financial services provider’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in AON in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. lifted its position in AON by 2,025.0% in the fourth 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 lifted its position 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 worth $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter valued at about $37,000. Finally, Centricity Wealth Management LLC bought a new position in shares of AON during the 4th quarter valued at about $39,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 0.1 %

Shares of NYSE AON opened at $408.64 on Tuesday. Aon plc has a one year low of $268.06 and a one year high of $412.97. The firm has a market capitalization of $88.27 billion, a PE ratio of 32.28, a PEG ratio of 2.12 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average price of $373.89 and a two-hundred day moving average price of $365.13.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the company posted $3.89 EPS. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

AON has been the subject of several research reports. Barclays raised their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lifted 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. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target 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.