Aon plc (NYSE:AON) Stock Position Raised by Avestar Capital LLC

Avestar Capital LLC lifted its position in Aon plc (NYSE:AON) by 16.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 979 shares of the financial services provider’s stock after acquiring an additional 140 shares during the quarter. Avestar Capital LLC’s holdings in AON were worth $352,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AON. AMF Tjanstepension AB purchased a new stake in shares of AON in the 3rd quarter valued at approximately $20,856,000. Good Life Advisors LLC lifted its position in AON by 1.5% in the 3rd quarter. Good Life Advisors LLC now owns 3,557 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 54 shares in the last quarter. Trust Co. of Vermont lifted its position in AON by 8.7% in the 3rd quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock worth $152,000 after buying an additional 35 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in AON by 1.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,082 shares of the financial services provider’s stock worth $8,678,000 after buying an additional 431 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in AON by 12.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,307 shares of the financial services provider’s stock worth $798,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AON shares. Piper Sandler increased their target price 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. TD Cowen increased their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Royal Bank of Canada increased their target price 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. BMO Capital Markets increased their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $386.21.

Insiders Place Their Bets

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $387.22 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The firm’s fifty day simple moving average is $365.57 and its 200 day simple moving average is $358.89. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $83.74 billion, a PE ratio of 30.59, a PEG ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 last year, the firm posted $3.89 EPS. On average, sell-side analysts anticipate that Aon plc will post 17.24 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.70%. AON’s dividend payout ratio is 21.33%.

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.