Aveo Capital Partners LLC Lowers Stock Holdings in Aon plc (NYSE:AON)

Aveo Capital Partners LLC lowered its holdings in Aon plc (NYSE:AON) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,167 shares of the financial services provider’s stock after selling 54 shares during the period. Aveo Capital Partners LLC’s holdings in AON were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Endeavor Private Wealth Inc. purchased a new stake in AON during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in AON by 2,025.0% during the fourth 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 during the period. Anchor Investment Management LLC grew its position 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 acquiring an additional 93 shares during the period. First Personal Financial Services purchased a new stake in shares of AON in the third quarter worth about $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of AON in the third quarter valued at about $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AON. Barclays increased their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI upgraded 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 note on Wednesday, January 8th. Finally, BMO Capital Markets increased their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $386.21.

Insider Buying and Selling

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of 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. Company insiders own 1.30% of the company’s stock.

AON Trading Down 0.8 %

NYSE:AON opened at $387.22 on Friday. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business’s 50 day moving average is $365.76 and its two-hundred day moving average is $359.36. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a market cap of $83.74 billion, a PE ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 quarter in the prior year, the firm posted $3.89 EPS. On average, analysts predict that Aon plc will post 17.24 EPS for the current year.

AON Dividend Announcement

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

AON Company 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.