Factor Wealth Management LTD Sells 1,855 Shares of Aon plc $AON

Factor Wealth Management LTD decreased its holdings in shares of Aon plc (NYSE:AON) by 44.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,324 shares of the financial services provider’s stock after selling 1,855 shares during the quarter. Factor Wealth Management LTD’s holdings in AON were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sound View Wealth Advisors Group LLC raised its position in shares of AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after buying an additional 29 shares in the last quarter. Kathmere Capital Management LLC grew its position in AON by 2.1% in the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 32 shares in the last quarter. City National Bank of Florida MSD increased its stake in AON by 3.8% in the fourth quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 32 shares during the last quarter. Westpac Banking Corp raised its position in AON by 5.6% during the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 33 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in AON by 1.8% during the fourth quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AON. Piper Sandler reduced their price objective on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research report on Monday, June 15th. Mizuho cut their target price on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley reduced their price target on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company decreased their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Citigroup boosted their price objective on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $394.94.

AON Trading Up 1.6%

Shares of AON stock opened at $325.74 on Thursday. The business has a 50-day moving average of $322.65 and a 200 day moving average of $331.09. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. Aon plc has a 1-year low of $304.59 and a 1-year high of $381.00. The stock has a market capitalization of $69.57 billion, a PE ratio of 17.88, a P/E/G ratio of 1.69 and a beta of 0.71.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the previous year, the firm earned $5.67 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Aon plc will post 19.09 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s payout ratio is presently 18.00%.

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.