First Horizon Advisors Inc. Purchases 126 Shares of Aon plc (NYSE:AON)

First Horizon Advisors Inc. lifted its position in Aon plc (NYSE:AON) by 33.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 503 shares of the financial services provider’s stock after acquiring an additional 126 shares during the period. First Horizon Advisors Inc.’s holdings in AON were worth $181,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Grove Street Fiduciary LLC purchased a new position in shares of AON during the fourth quarter valued at approximately $207,000. Centricity Wealth Management LLC bought a new stake in shares of AON during the 4th quarter worth approximately $39,000. Waterfront Wealth Inc. boosted its holdings in AON by 5.0% during the 4th quarter. Waterfront Wealth Inc. now owns 2,745 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 131 shares during the period. Mattern Capital Management LLC grew its position in AON by 2.9% in the 4th quarter. Mattern Capital Management LLC now owns 2,724 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 77 shares during the last quarter. Finally, Dash Acquisitions Inc. increased its stake in AON by 3.5% in the fourth quarter. Dash Acquisitions Inc. now owns 22,371 shares of the financial services provider’s stock worth $8,310,000 after purchasing an additional 753 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

NYSE AON opened at $397.99 on Wednesday. Aon plc has a 12-month low of $268.06 and a 12-month high of $398.10. The firm’s fifty day simple moving average is $369.95 and its two-hundred day simple moving average is $363.01. 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 firm has a market capitalization of $85.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last announced its earnings results 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 quarter last year, the company posted $3.89 EPS. Analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research analyst reports. Barclays upped their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped their target price 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 raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler lifted their target price on AON from $372.00 to $384.00 and gave the company a “neutral” 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.