Avalon Trust Co Sells 538 Shares of Aon plc (NYSE:AON)

Avalon Trust Co lowered its position in Aon plc (NYSE:AON) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,073 shares of the financial services provider’s stock after selling 538 shares during the quarter. AON makes up about 1.2% of Avalon Trust Co’s portfolio, making the stock its 27th biggest position. Avalon Trust Co’s holdings in AON were worth $16,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Choate Investment Advisors boosted its position in AON by 9.8% during the 4th quarter. Choate Investment Advisors now owns 915 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 82 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in AON by 2.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,259 shares of the financial services provider’s stock valued at $1,171,000 after acquiring an additional 80 shares in the last quarter. Zevin Asset Management LLC boosted its position in AON by 0.7% during the 4th quarter. Zevin Asset Management LLC now owns 34,612 shares of the financial services provider’s stock valued at $12,431,000 after acquiring an additional 228 shares in the last quarter. Picton Mahoney Asset Management boosted its position in AON by 17.1% during the 4th quarter. Picton Mahoney Asset Management now owns 56,667 shares of the financial services provider’s stock valued at $20,352,000 after acquiring an additional 8,290 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in AON by 28.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock valued at $448,137,000 after acquiring an additional 275,525 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $399.34 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $86.26 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.12 and a beta of 0.92. The business’s 50-day moving average is $381.36 and its two-hundred day moving average is $368.92.

AON (NYSE:AON) last posted its 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 in the previous year, the firm posted $3.89 EPS. Research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm 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. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AON. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Piper Sandler increased their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $386.21.

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.