Private Advisor Group LLC Has $1.97 Million Stock Position in Aon plc (NYSE:AON)

Private Advisor Group LLC lessened its holdings in Aon plc (NYSE:AON) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,491 shares of the financial services provider’s stock after selling 110 shares during the period. Private Advisor Group LLC’s holdings in AON were worth $1,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. AMF Tjanstepension AB bought a new stake in shares of AON during the 3rd quarter worth about $20,856,000. Mirae Asset Global Investments Co. Ltd. boosted its position in AON by 46.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,094 shares of the financial services provider’s stock worth $5,568,000 after purchasing an additional 5,100 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in AON during the third quarter valued at approximately $212,000. TCI Wealth Advisors Inc. bought a new position in shares of AON in the third quarter valued at approximately $240,000. Finally, Autumn Glory Partners LLC acquired a new stake in shares of AON in the third quarter worth $311,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. 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. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Performance

NYSE AON opened at $397.99 on Wednesday. The stock has a market cap of $85.97 billion, a P/E ratio of 31.44, a PEG ratio of 2.12 and a beta of 0.93. 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 twelve month low of $268.06 and a twelve month high of $398.10. The company’s 50-day simple moving average is $369.95 and its 200 day simple moving average is $363.01.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate 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 earnings per share. As a group, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

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.