Inspirion Wealth Advisors LLC Cuts Stake in Aon plc (NYSE:AON)

Inspirion Wealth Advisors LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,127 shares of the financial services provider’s stock after selling 100 shares during the period. Inspirion Wealth Advisors LLC’s holdings in AON were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AON. Richardson Financial Services Inc. raised its stake in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON in the 4th quarter valued at approximately $32,000. Centricity Wealth Management LLC acquired a new stake in AON in the 4th quarter worth approximately $39,000. Kestra Investment Management LLC purchased a new stake in AON during the 4th quarter worth approximately $39,000. Finally, R Squared Ltd purchased a new position in shares of AON in the fourth quarter worth $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays dropped their price target on AON from $430.00 to $415.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $397.27.

AON Price Performance

NYSE:AON opened at $372.08 on Monday. The company has a 50 day moving average price of $366.68 and a 200-day moving average price of $374.09. Aon plc has a 1-year low of $278.60 and a 1-year high of $412.97. The firm has a market cap of $80.35 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. 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 (NYSE:AON) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the company posted $5.66 EPS. The company’s revenue was up 16.2% on a year-over-year basis. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.745 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.80%. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is currently 25.38%.

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.