Mission Wealth Management LP Sells 308 Shares of Aon plc (NYSE:AON)

Mission Wealth Management LP lessened its stake in Aon plc (NYSE:AON) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,292 shares of the financial services provider’s stock after selling 308 shares during the quarter. Mission Wealth Management LP’s holdings in AON were worth $1,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new stake in AON in the fourth quarter valued at $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% in the fourth 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 period. Anchor Investment Management LLC lifted its stake in shares of 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 last quarter. First Personal Financial Services acquired a new position in AON in the 3rd quarter valued at about $37,000. Finally, Centricity Wealth Management LLC bought a new position in AON in the 4th quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors.

AON Price Performance

AON stock opened at $408.64 on Tuesday. The stock has a fifty day moving average of $373.89 and a 200-day moving average of $365.13. The stock has a market capitalization of $88.27 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS 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 period in the previous year, the company earned $3.89 earnings per share. On average, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal 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 given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.66%. AON’s dividend payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AON shares. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler boosted their target price 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. Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. One 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 data from MarketBeat.com, the stock presently has a consensus 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.