TCTC Holdings LLC Purchases 26 Shares of Aon plc (NYSE:AON)

TCTC Holdings LLC boosted its position in shares of Aon plc (NYSE:AON) by 0.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,026 shares of the financial services provider’s stock after purchasing an additional 26 shares during the period. AON comprises 1.5% of TCTC Holdings LLC’s holdings, making the stock its 16th largest position. TCTC Holdings LLC’s holdings in AON were worth $43,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. increased its holdings in AON by 2,025.0% during the 4th 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 in the last quarter. Anchor Investment Management LLC increased its holdings in AON by 1,162.5% during the 3rd 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 in the last quarter. Centricity Wealth Management LLC bought a new position in shares of AON in the 4th quarter valued at about $39,000. Finally, Kestra Investment Management LLC bought a new position in shares of AON in the 4th quarter valued at about $39,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 1.3 %

Shares of AON stock opened at $399.34 on Monday. The firm has a 50 day moving average price of $381.36 and a two-hundred day moving average price of $369.13. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $86.26 billion, a PE ratio of 31.54, 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.

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, topping 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 prior year, the firm earned $3.89 earnings per share. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared 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 of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s payout ratio is 21.33%.

Analyst Upgrades and Downgrades

AON has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. 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 report on Monday, February 3rd. Wells Fargo & Company raised their target price 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, Barclays raised their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $386.21.

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.