Alliance Wealth Advisors LLC UT Has $765,000 Stock Holdings in Aon plc (NYSE:AON)

Alliance Wealth Advisors LLC UT reduced its holdings in shares of Aon plc (NYSE:AON) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,130 shares of the financial services provider’s stock after selling 30 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in AON were worth $765,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its position 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 acquiring an additional 81 shares during the period. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% in 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 acquired a new position in AON during the third quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in AON in the third quarter valued at approximately $42,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen increased their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods decreased their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $380.80.

AON Stock Up 1.2 %

Shares of NYSE:AON opened at $375.29 on Tuesday. The firm has a market cap of $81.16 billion, a P/E ratio of 29.64, a PEG ratio of 2.02 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The business’s 50 day simple moving average is $366.35 and its two-hundred day simple moving average is $354.50. 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 (NYSE:AON) last released its quarterly earnings results 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the prior year, the company posted $3.89 earnings per share. As a group, research analysts forecast that Aon plc will post 17.39 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s payout ratio is 21.33%.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About AON

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.