Stratos Wealth Advisors LLC Cuts Position in Aon plc (NYSE:AON)

Stratos Wealth Advisors LLC lessened its holdings in Aon plc (NYSE:AON) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,559 shares of the financial services provider’s stock after selling 62 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in AON were worth $560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. boosted its holdings in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC raised its stake in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services acquired a new position in shares of AON during the third quarter worth $37,000. Finally, R Squared Ltd purchased a new position in shares of AON in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $386.21.

AON Stock Performance

Shares of AON stock opened at $386.68 on Friday. The company has a market cap of $83.63 billion, a P/E ratio of 30.54, a PEG ratio of 2.02 and a beta of 0.93. The business has a 50 day moving average of $365.42 and a two-hundred day moving average of $356.00. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 period last year, the firm earned $3.89 EPS. As a group, analysts anticipate that Aon plc will post 17.39 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s payout ratio is currently 21.33%.

Insider Transactions at AON

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

AON Profile

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.