Verus Capital Partners LLC Sells 30 Shares of Aon plc (NYSE:AON)

Verus Capital Partners LLC cut its holdings in shares of Aon plc (NYSE:AON) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 605 shares of the financial services provider’s stock after selling 30 shares during the period. Verus Capital Partners LLC’s holdings in AON were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter worth $29,000. Richardson Financial Services Inc. lifted its stake in AON by 2,025.0% during the fourth 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 during the last quarter. Anchor Investment Management LLC lifted its stake 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 worth $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services bought a new stake in AON during the third quarter worth $37,000. Finally, Centricity Wealth Management LLC bought a new stake in AON during the fourth quarter worth $39,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

NYSE AON opened at $409.15 on Friday. 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 stock has a fifty day simple moving average of $372.88 and a 200 day simple moving average of $364.35. Aon plc has a twelve month low of $268.06 and a twelve month high of $409.99. The company has a market capitalization of $88.38 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $3.89 earnings per share. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.66%. AON’s payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. 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 price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.