Valeo Financial Advisors LLC Lowers Holdings in Aon plc (NYSE:AON)

Valeo Financial Advisors LLC cut its holdings in Aon plc (NYSE:AON) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,162 shares of the financial services provider’s stock after selling 39 shares during the period. Valeo Financial Advisors LLC’s holdings in AON were worth $776,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. raised its holdings in shares of AON by 3.3% during 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 in the last quarter. Intellectus Partners LLC raised its holdings in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 31 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of AON by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 33 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 33 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

AON opened at $387.22 on Monday. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The business’s fifty day simple moving average is $365.76 and its 200-day simple moving average is $359.57. The company has a market capitalization of $83.74 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 business posted $3.89 EPS. On average, equities research analysts anticipate that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AON shares. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. TD Cowen increased their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $386.21.

Insider Transactions at AON

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

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.