Alliance Wealth Advisors LLC UT Has $1.87 Million Stake in Aon plc $AON

Alliance Wealth Advisors LLC UT lowered its holdings in Aon plc (NYSE:AON) by 29.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,237 shares of the financial services provider’s stock after selling 2,190 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in AON were worth $1,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brookstone Capital Management raised its holdings in AON by 449.4% in the 2nd quarter. Brookstone Capital Management now owns 5,604 shares of the financial services provider’s stock valued at $1,999,000 after acquiring an additional 4,584 shares in the last quarter. Forum Financial Management LP lifted its position in AON by 44.4% during the second quarter. Forum Financial Management LP now owns 1,430 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 440 shares during the period. Asset Management One Co. Ltd. grew its stake in AON by 3.4% during the second quarter. Asset Management One Co. Ltd. now owns 89,950 shares of the financial services provider’s stock worth $32,091,000 after buying an additional 2,992 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in AON by 2.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,796 shares of the financial services provider’s stock valued at $165,464,000 after buying an additional 9,841 shares during the period. Finally, Waldron Private Wealth LLC lifted its holdings in shares of AON by 3.1% during the 2nd quarter. Waldron Private Wealth LLC now owns 1,406 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 42 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a research note on Sunday, February 1st. Keefe, Bruyette & Woods upped their price objective on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. decreased their target price on AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Citigroup increased their target price on shares of AON from $402.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Cantor Fitzgerald lifted their price target on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $409.75.

AON Stock Up 0.3%

Shares of NYSE AON opened at $325.14 on Friday. Aon plc has a 1 year low of $304.59 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 1.35. The firm has a market cap of $69.67 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The company has a 50 day simple moving average of $341.99 and a 200 day simple moving average of $350.63.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the firm earned $4.42 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, February 2nd. AON’s payout ratio is 17.51%.

Insider Activity

In related news, Director Lester B. Knight acquired 4,000 shares of the stock in a transaction dated Tuesday, February 10th. The stock was bought at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the transaction, the director directly owned 143,000 shares of the company’s stock, valued at $45,651,320. The trade was a 2.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Darren Zeidel sold 5,040 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel owned 20,254 shares in the company, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

AON Company Profile

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.