Atria Investments Inc Sells 362 Shares of Aon plc (NYSE:AON)

Atria Investments Inc lessened its holdings in Aon plc (NYSE:AON) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,383 shares of the financial services provider’s stock after selling 362 shares during the period. Atria Investments Inc’s holdings in AON were worth $1,933,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. State Street Corp increased its position in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares during the period. Bank of New York Mellon Corp raised its stake in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Cantillon Capital Management LLC raised its stake in shares of AON by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 1,323,228 shares of the financial services provider’s stock valued at $475,251,000 after acquiring an additional 7,010 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after acquiring an additional 31,021 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several recent analyst reports. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada increased their target price 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. Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Up 0.3 %

Shares of AON stock opened at $402.94 on Monday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The firm’s 50-day moving average is $377.28 and its two-hundred day moving average is $367.05. The stock has a market cap of $87.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $3.89 EPS. As a group, research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is 21.33%.

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.