Atria Wealth Solutions Inc. Has $879,000 Holdings in Aon plc (NYSE:AON)

Atria Wealth Solutions Inc. raised its stake in Aon plc (NYSE:AON) by 41.0% in the 1st quarter, HoldingsChannel reports. The fund owned 2,202 shares of the financial services provider’s stock after buying an additional 640 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AON were worth $879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Portside Wealth Group LLC increased its position in AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock valued at $4,412,000 after acquiring an additional 9,302 shares in the last quarter. WCM Investment Management LLC increased its position in AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock valued at $809,544,000 after acquiring an additional 6,038 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in AON by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock valued at $11,183,000 after acquiring an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. grew its position in shares of AON by 64.4% during the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock worth $2,986,000 after buying an additional 2,932 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.4%

AON stock opened at $367.99 on Tuesday. The stock has a market capitalization of $79.35 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average of $357.81 and a 200-day moving average of $370.73.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 earnings per share. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 1st. AON’s payout ratio is currently 24.96%.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 price target for the company in a research report on Tuesday, May 13th. Barclays reiterated an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $438.00 price target (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Piper Sandler lifted their price target on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Evercore ISI lifted their price target on shares of AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $409.21.

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.