Parkside Financial Bank & Trust Has $1.65 Million Position in Aon plc (NYSE:AON)

Parkside Financial Bank & Trust grew its position in Aon plc (NYSE:AON) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 4,606 shares of the financial services provider’s stock after purchasing an additional 119 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AON were worth $1,654,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its holdings in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 28 shares during the period. Intellectus Partners LLC raised its holdings in AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 31 shares during the period. V Square Quantitative Management LLC raised its holdings in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in AON by 5.2% in 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 purchasing an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised 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 purchasing an additional 33 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Up 1.1 %

AON stock opened at $403.61 on Friday. The company has a fifty day simple moving average of $371.87 and a 200 day simple moving average of $363.54. Aon plc has a 1-year low of $268.06 and a 1-year high of $408.26. The company has a market cap of $87.18 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating 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 period in the prior year, the firm posted $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler increased their price objective 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. Finally, Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $386.21.

AON 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.