Websterrogers Financial Advisors LLC Reduces Stock Holdings in Aon plc (NYSE:AON)

Websterrogers Financial Advisors LLC cut its holdings in Aon plc (NYSE:AON) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,713 shares of the financial services provider’s stock after selling 90 shares during the quarter. Websterrogers Financial Advisors LLC’s holdings in AON were worth $974,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Valley Wealth Managers Inc. raised its stake in AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 28 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC raised its stake in shares of AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares during the last quarter. Intellectus Partners LLC lifted its holdings in shares of AON by 3.2% during 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. Finally, waypoint wealth counsel boosted its position in AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.4 %

AON stock opened at $361.24 on Thursday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $78.13 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The business has a 50 day simple moving average of $369.87 and a 200-day simple moving average of $347.91. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio is presently 22.78%.

Analyst Ratings Changes

Several analysts have commented on AON shares. Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $377.00 to $410.00 in a research report on Tuesday. Keefe, Bruyette & Woods lowered their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group boosted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $370.87.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON 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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.