Envestnet Portfolio Solutions Inc. Sells 1,159 Shares of Aon plc (NYSE:AON)

Envestnet Portfolio Solutions Inc. cut its position in Aon plc (NYSE:AON - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,664 shares of the financial services provider's stock after selling 1,159 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in AON were worth $3,112,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Choate Investment Advisors grew its stake in shares of AON by 9.8% in the 4th quarter. Choate Investment Advisors now owns 915 shares of the financial services provider's stock valued at $329,000 after buying an additional 82 shares during the period. Frank Rimerman Advisors LLC increased its holdings in AON by 2.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,259 shares of the financial services provider's stock worth $1,171,000 after purchasing an additional 80 shares in the last quarter. Zevin Asset Management LLC increased its holdings in AON by 0.7% during the 4th quarter. Zevin Asset Management LLC now owns 34,612 shares of the financial services provider's stock worth $12,431,000 after purchasing an additional 228 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in AON by 17.1% during the 4th quarter. Picton Mahoney Asset Management now owns 56,667 shares of the financial services provider's stock worth $20,352,000 after purchasing an additional 8,290 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in AON by 28.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider's stock worth $448,137,000 after purchasing an additional 275,525 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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AON Stock Performance

AON stock traded down $3.15 during trading on Friday, hitting $390.02. The stock had a trading volume of 1,359,525 shares, compared to its average volume of 1,108,204. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock's 50 day moving average is $385.41 and its two-hundred day moving average is $370.58. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS 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 period in the prior year, the business earned $3.89 EPS. As a group, analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on AON shares. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AON presently has an average rating of "Hold" and a consensus target price 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.