City National Bank of Florida MSD Takes $247,000 Position in Aon plc (NYSE:AON)

by · The Cerbat Gem

City National Bank of Florida MSD acquired a new stake in shares of Aon plc (NYSE:AON – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 689 shares of the financial services provider’s stock, valued at approximately $247,000.

Other hedge funds also recently made changes to their positions in the company. Value Partners Investments Inc. increased its stake in AON by 1.9% during the fourth quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 28 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of AON by 1.3% during the 4th 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 raised its stake in 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 worth $242,000 after acquiring an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 33 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its stake in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON opened at $357.91 on Thursday. The firm has a market capitalization of $77.29 billion, a PE ratio of 28.27, a P/E/G ratio of 2.12 and a beta of 0.89. 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 firm has a 50-day moving average price of $370.87 and a 200 day moving average price of $374.96. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97.

AON (NYSE:AON – Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter last year, the business earned $5.66 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. On average, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. AON’s dividend payout ratio (DPR) is 25.38%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI cut their target price on AON from $420.00 to $398.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price target for the company in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group lifted their price objective on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $391.75.

Check Out Our Latest Report on AON

About AON

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AON – Free Report).