Avestar Capital LLC Acquires 140 Shares of Aon plc (NYSE:AON)

Avestar Capital LLC lifted its holdings in shares of Aon plc (NYSE:AON) by 16.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 979 shares of the financial services provider’s stock after purchasing an additional 140 shares during the quarter. Avestar Capital LLC’s holdings in AON were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in AON during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. lifted its holdings 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 valued at $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services bought a new position in AON during the 3rd quarter valued at about $37,000. Finally, RPg Family Wealth Advisory LLC bought a new position in AON during the 3rd quarter valued at about $42,000. 86.14% of the stock is owned by institutional investors.

AON Stock Down 0.8 %

Shares of NYSE AON opened at $387.22 on Friday. The stock has a market cap of $83.74 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93. The firm has a 50 day moving average price of $365.57 and a 200 day moving average price of $358.89. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 company earned $3.89 earnings per share. Analysts expect that Aon plc will post 17.24 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON 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 completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AON. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. BMO Capital Markets raised their price objective on shares of 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 raised their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.