Mission Wealth Management LP Sells 308 Shares of Aon plc (NYSE:AON)

Mission Wealth Management LP decreased its holdings in Aon plc (NYSE:AON) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,292 shares of the financial services provider’s stock after selling 308 shares during the period. Mission Wealth Management LP’s holdings in AON were worth $1,541,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AON. Plato Investment Management Ltd increased its stake in shares of AON by 28.0% in the fourth quarter. Plato Investment Management Ltd now owns 6,126 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 1,340 shares during the period. Jones Financial Companies Lllp boosted its holdings in AON by 24.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,808 shares of the financial services provider’s stock valued at $1,368,000 after acquiring an additional 744 shares during the last quarter. Modera Wealth Management LLC increased its position in AON by 4.3% during the 4th quarter. Modera Wealth Management LLC now owns 12,305 shares of the financial services provider’s stock valued at $4,419,000 after purchasing an additional 509 shares during the period. Clifford Swan Investment Counsel LLC raised its holdings in AON by 19.0% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 13,596 shares of the financial services provider’s stock worth $4,883,000 after purchasing an additional 2,170 shares during the last quarter. Finally, Norden Group LLC lifted its position in shares of AON by 12.1% in the 4th quarter. Norden Group LLC now owns 656 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 71 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

NYSE:AON opened at $408.64 on Tuesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The business has a fifty day simple moving average of $373.89 and a two-hundred day simple moving average of $365.13. The company has a market capitalization of $88.27 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 business posted $3.89 earnings per share. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.66%. AON’s dividend payout ratio (DPR) is 21.33%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AON shares. JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, AON currently has an average rating of “Hold” and a consensus target price 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.