Aon plc (NYSE:AON) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in Aon plc (NYSE:AON - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,042 shares of the financial services provider's stock after selling 5,381 shares during the quarter. Orion Portfolio Solutions LLC's holdings in AON were worth $23,001,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AON. Endeavor Private Wealth Inc. purchased a new position in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON in the 4th quarter valued at $32,000. Anchor Investment Management LLC lifted its position in 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 during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in AON in the fourth quarter valued at $39,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler increased their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Redburn Atlantic raised shares of AON to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $386.21.

AON Price Performance

Shares of AON stock traded up $0.53 during trading on Tuesday, reaching $399.62. The company's stock had a trading volume of 218,593 shares, compared to its average volume of 1,153,846. The business has a 50 day moving average price of $389.38 and a 200-day moving average price of $372.75. The company has a market capitalization of $86.32 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts' consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the firm posted $3.89 EPS. As a group, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is 21.33%.

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.