Golden State Wealth Management LLC Acquires New Position in Aon plc (NYSE:AON)

Golden State Wealth Management LLC purchased a new stake in Aon plc (NYSE:AON) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 268 shares of the financial services provider’s stock, valued at approximately $96,000.

Several other institutional investors have also modified their holdings of AON. Beese Fulmer Investment Management Inc. lifted its stake in shares of AON by 1.6% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 25,663 shares of the financial services provider’s stock valued at $9,217,000 after buying an additional 409 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of AON by 5.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after buying an additional 1,451 shares in the last quarter. Citrine Capital LLC purchased a new stake in shares of AON during the fourth quarter valued at approximately $1,113,000. GHP Investment Advisors Inc. boosted its position in AON by 1.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 25,994 shares of the financial services provider’s stock valued at $9,336,000 after buying an additional 264 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in AON by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 10,100 shares of the financial services provider’s stock valued at $3,627,000 after purchasing an additional 148 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 research analysts have commented on the company. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. 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 note on Friday, January 3rd. Finally, Wells Fargo & Company raised 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. 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, AON presently has an average rating of “Hold” and a consensus price target of $386.21.

AON Stock Performance

AON stock opened at $386.68 on Monday. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. 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 cap of $83.63 billion, a PE ratio of 30.54, a P/E/G ratio of 2.09 and a beta of 0.93. The business’s 50-day moving average price is $365.32 and its two-hundred day moving average price is $357.01.

AON (NYSE:AON) last posted its quarterly earnings data 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 in the prior year, the firm earned $3.89 EPS. As a group, research analysts forecast that Aon plc will post 17.24 earnings per share for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s payout ratio is 21.33%.

Insider Activity

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

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.