Live Oak Private Wealth LLC Lowers Stock Holdings in Aon plc (NYSE:AON)

Live Oak Private Wealth LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,136 shares of the financial services provider’s stock after selling 409 shares during the quarter. AON makes up approximately 1.3% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 28th largest position. Live Oak Private Wealth LLC’s holdings in AON were worth $7,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Endeavor Private Wealth Inc. purchased a new position in AON during the fourth quarter valued at $29,000. Richardson Financial Services Inc. increased its stake in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of AON by 1,162.5% in 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 in the last quarter. First Personal Financial Services purchased a new stake in shares of AON during the third quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in AON in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent research reports. Evercore ISI upgraded shares of 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 report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday. Finally, Bank of America lifted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AON has an average rating of “Hold” and a consensus price target of $386.21.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Price Performance

AON stock opened at $384.67 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The company has a market capitalization of $83.19 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The company’s 50 day simple moving average is $365.59 and its 200-day simple moving average is $355.80. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $3.89 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.39 earnings per share for the current year.

AON Dividend Announcement

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