Aon plc (NYSE:AON) Stake Lessened by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its stake in shares of Aon plc (NYSE:AON) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,042 shares of the financial services provider’s stock after selling 5,381 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in AON were worth $23,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Endeavor Private Wealth Inc. bought a new stake in AON in the fourth quarter valued at about $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new position in AON during the fourth quarter worth $32,000. Anchor Investment Management LLC increased its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON during the fourth quarter worth $39,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $398.67 on Friday. The company has a market cap of $86.11 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company’s fifty day moving average is $388.16 and its two-hundred day moving average is $371.75. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97.

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, beating analysts’ consensus estimates 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 posted $3.89 EPS. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s payout ratio is 21.33%.

Analysts Set New Price Targets

AON has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped 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. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their price target 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. One equities 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 data from MarketBeat, AON currently has an average rating of “Hold” and an average 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.