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

Stratos Wealth Advisors LLC cut its position in shares of Aon plc (NYSE:AON) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,559 shares of the financial services provider’s stock after selling 62 shares during the period. Stratos Wealth Advisors LLC’s holdings in AON were worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its position in AON by 13.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,899 shares of the financial services provider’s stock worth $1,760,000 after acquiring an additional 582 shares during the period. Ninety One UK Ltd grew its holdings in shares of AON by 16.4% during the 4th quarter. Ninety One UK Ltd now owns 61,764 shares of the financial services provider’s stock worth $22,183,000 after purchasing an additional 8,682 shares during the period. Longboard Asset Management LP acquired a new stake in shares of AON during the 4th quarter worth about $224,000. Trust Point Inc. raised its holdings in AON by 11.3% in the 4th quarter. Trust Point Inc. now owns 947 shares of the financial services provider’s stock valued at $340,000 after buying an additional 96 shares during the period. Finally, One Wealth Advisors LLC boosted its stake in AON by 13.7% during the fourth quarter. One Wealth Advisors LLC now owns 737 shares of the financial services provider’s stock worth $265,000 after buying an additional 89 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the topic of several research reports. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, AON has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Performance

NYSE:AON opened at $386.68 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a market capitalization of $83.63 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The firm has a 50-day moving average price of $365.42 and a two-hundred day moving average price of $356.00.

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

AON Announces Dividend

The firm 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 dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, February 3rd. 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.