Aon plc (NYSE:AON) Position Raised by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. increased its stake in Aon plc (NYSE:AON) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,549 shares of the financial services provider’s stock after buying an additional 311 shares during the quarter. AON comprises approximately 4.2% of Borer Denton & Associates Inc.’s holdings, making the stock its 6th largest holding. Borer Denton & Associates Inc.’s holdings in AON were worth $12,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of AON. Endeavor Private Wealth Inc. purchased a new stake in shares of AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. increased its stake in shares of 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 acquiring an additional 81 shares during the period. Millstone Evans Group LLC acquired a new position in shares of AON in the 4th quarter valued at about $32,000. Anchor Investment Management LLC raised its position in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of AON in the fourth quarter worth about $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AON. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. 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.com, the company currently has an average rating of “Hold” and an average target price of $386.21.

AON Stock Up 0.7 %

AON stock opened at $396.03 on Wednesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The stock has a market capitalization of $85.54 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a 50-day moving average of $386.85 and a two-hundred day moving average of $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 announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $3.89 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

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.