Hopwood Financial Services Inc. Acquires New Holdings in Aon plc (NYSE:AON)

Hopwood Financial Services Inc. acquired a new position in Aon plc (NYSE:AON) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 660 shares of the financial services provider’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. boosted its stake in shares of AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares in the last quarter. Intellectus Partners LLC grew its holdings in AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 31 shares during the period. V Square Quantitative Management LLC raised its stake in AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after buying an additional 31 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after buying an additional 33 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. 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 research report on Wednesday, January 8th. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and an average target price of $386.21.

AON Stock Performance

AON opened at $399.88 on Wednesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The stock has a market cap of $86.37 billion, a PE ratio of 31.59, a P/E/G ratio of 2.12 and a beta of 0.92. The stock’s 50 day simple moving average is $378.90 and its 200-day simple moving average is $367.91. 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 issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $3.89 earnings per share. Sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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

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.