Envestnet Asset Management Inc. Has $147.44 Million Stock Holdings in Aon plc $AON

Envestnet Asset Management Inc. lessened its holdings in shares of Aon plc (NYSE:AON) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 413,491 shares of the financial services provider’s stock after selling 15,000 shares during the period. Envestnet Asset Management Inc.’s holdings in AON were worth $147,443,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Westside Investment Management Inc. lifted its position in shares of AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Callan Family Office LLC increased its position in AON by 220.7% in the third quarter. Callan Family Office LLC now owns 11,675 shares of the financial services provider’s stock worth $4,163,000 after buying an additional 8,034 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in AON by 1,766.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,624 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 1,537 shares during the period. AGF Management Ltd. grew its stake in AON by 6.4% in the 3rd quarter. AGF Management Ltd. now owns 8,852 shares of the financial services provider’s stock valued at $3,156,000 after buying an additional 530 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its stake in shares of AON by 1.0% during the 3rd quarter. Strategy Asset Managers LLC now owns 19,337 shares of the financial services provider’s stock valued at $6,895,000 after purchasing an additional 186 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 0.3%

AON opened at $342.21 on Friday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The stock has a market cap of $73.55 billion, a PE ratio of 20.11, a PEG ratio of 1.76 and a beta of 0.83. The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The business has a 50 day moving average of $347.41 and a 200-day moving average of $353.46.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a net margin of 21.51% and a return on equity of 45.23%. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the business earned $4.42 EPS. AON’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. AON’s dividend payout ratio is 17.51%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AON. JPMorgan Chase & Co. decreased their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. The Goldman Sachs Group set a $395.00 price objective on AON in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. Cantor Fitzgerald boosted their target price on AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Mizuho set a $398.00 price target on shares of AON in a research report on Tuesday. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $409.75.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.