Orion Portfolio Solutions LLC Has $23 Million Holdings in Aon plc (NYSE:AON)

Orion Portfolio Solutions LLC reduced its stake in shares of Aon plc (NYSE:AON) by 7.8% during the 4th quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. acquired a new stake in AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. raised its holdings in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC acquired a new position in AON during the 4th quarter worth $32,000. Anchor Investment Management LLC boosted its holdings in AON by 1,162.5% during 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 period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of AON in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler increased their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the 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 Price Performance

AON stock opened at $398.67 on Friday. The stock has a market cap of $86.11 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a 12-month low of $268.06 and a 12-month 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 business’s 50-day simple moving average is $388.16 and its 200 day simple moving average is $371.75.

AON (NYSE:AON) last announced its quarterly earnings data 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 net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the company earned $3.89 EPS. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 0.68%. AON’s payout ratio is currently 21.33%.

AON 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.