BlackDiamond Wealth Management LLC Sells 57 Shares of Aon plc (NYSE:AON)

BlackDiamond Wealth Management LLC cut its holdings in Aon plc (NYSE:AON) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,035 shares of the financial services provider’s stock after selling 57 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in AON were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Axxcess Wealth Management LLC raised its holdings in shares of AON by 9.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,190 shares of the financial services provider’s stock valued at $2,582,000 after acquiring an additional 617 shares in the last quarter. Signaturefd LLC grew its stake in shares of AON by 3.0% during the fourth quarter. Signaturefd LLC now owns 2,725 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 79 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of AON by 3.2% during the fourth quarter. Parallel Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 68 shares during the last quarter. Jensen Investment Management Inc. grew its stake in shares of AON by 0.8% during the fourth quarter. Jensen Investment Management Inc. now owns 8,830 shares of the financial services provider’s stock worth $3,171,000 after acquiring an additional 70 shares during the last quarter. Finally, GWN Securities Inc. purchased a new stake in shares of AON during the fourth quarter worth about $242,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

AON stock opened at $390.90 on Tuesday. The stock has a fifty day moving average price of $382.21 and a 200 day moving average price of $369.46. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $84.43 billion, a P/E ratio of 30.88, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $3.89 earnings per share. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AON shares. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.