Financial Advocates Investment Management Sells 448 Shares of Aon plc (NYSE:AON)

Financial Advocates Investment Management cut its position in Aon plc (NYSE:AON) by 43.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 576 shares of the financial services provider’s stock after selling 448 shares during the period. Financial Advocates Investment Management’s holdings in AON were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in shares of AON in the third quarter valued at $20,856,000. Valeo Financial Advisors LLC grew its position in shares of AON by 18.3% in the third quarter. Valeo Financial Advisors LLC now owns 2,201 shares of the financial services provider’s stock valued at $761,000 after purchasing an additional 340 shares in the last quarter. CVA Family Office LLC grew its position in shares of AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares in the last quarter. Sapient Capital LLC grew its position in shares of AON by 367.7% in the third quarter. Sapient Capital LLC now owns 3,428 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 2,695 shares in the last quarter. Finally, CX Institutional grew its position in shares of AON by 0.5% in the third quarter. CX Institutional now owns 10,426 shares of the financial services provider’s stock valued at $3,607,000 after purchasing an additional 49 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 0.2 %

NYSE AON opened at $385.69 on Tuesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The stock has a 50-day moving average of $365.32 and a 200-day moving average of $357.42. The firm has a market cap of $83.41 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 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 last year, the business posted $3.89 earnings per share. As a group, sell-side analysts forecast that Aon plc will post 17.24 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 yield of 0.70%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AON. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. TD Cowen boosted their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

Insiders Place Their Bets

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

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.