Avantax Advisory Services Inc. Sells 4,248 Shares of Aon plc (NYSE:AON)

Avantax Advisory Services Inc. reduced its position in Aon plc (NYSE:AON - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,935 shares of the financial services provider's stock after selling 4,248 shares during the quarter. Avantax Advisory Services Inc.'s holdings in AON were worth $1,772,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its position 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 during the period. Anchor Investment Management LLC boosted its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock worth $35,000 after buying an additional 93 shares during the period. Centricity Wealth Management LLC acquired a new stake in AON during the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC acquired a new position in shares of AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

NYSE AON traded down $3.15 during trading on Friday, hitting $390.02. 1,357,653 shares of the company's stock traded hands, compared to its average volume of 1,172,086. The business has a 50 day moving average of $384.60 and a 200-day moving average of $370.09. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The stock has a market capitalization of $84.24 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

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AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 previous year, the firm earned $3.89 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is 21.33%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AON shares. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Royal Bank of Canada upped their target price on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, AON currently has an average rating of "Hold" and an average price target of $386.21.

AON Company 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.