Atria Wealth Solutions Inc. Buys 110 Shares of Aon plc (NYSE:AON)

Atria Wealth Solutions Inc. grew its stake in Aon plc (NYSE:AON) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,837 shares of the financial services provider’s stock after acquiring an additional 110 shares during the period. Atria Wealth Solutions Inc.’s holdings in AON were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in shares of AON by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 28,719 shares of the financial services provider’s stock worth $9,311,000 after purchasing an additional 619 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of AON by 76.8% in the third quarter. Pinnacle Associates Ltd. now owns 1,388 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 603 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of AON during the third quarter worth about $242,000. Independent Advisor Alliance lifted its holdings in shares of AON by 5.8% during the 3rd quarter. Independent Advisor Alliance now owns 836 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 46 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its holdings in AON by 8.7% during the 3rd quarter. Everhart Financial Group Inc. now owns 876 shares of the financial services provider’s stock worth $284,000 after buying an additional 70 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a report on Monday, April 29th. Bank of America cut their target price on AON from $378.00 to $345.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. UBS Group lowered their price objective on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. Morgan Stanley increased their target price on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Piper Sandler cut their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $329.69.

Insiders Place Their Bets

In other news, insider Michael Neller sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now directly owns 3,869 shares in the company, valued at approximately $1,207,128. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the sale, the insider now directly owns 3,869 shares in the company, valued at approximately $1,207,128. The disclosure for this sale can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 over the last ninety days. Corporate insiders own 1.15% of the company’s stock.

AON Stock Down 0.0 %

Shares of AON stock opened at $279.97 on Monday. The company has a 50-day simple moving average of $313.86 and a two-hundred day simple moving average of $312.39. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37. The stock has a market capitalization of $60.87 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $5.17 EPS. On average, sell-side analysts anticipate that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.675 per share. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 annualized dividend and a yield of 0.96%. AON’s dividend payout ratio is currently 21.16%.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.