Good Life Advisors LLC Trims Stock Position in Aon plc (NYSE:AON)

Good Life Advisors LLC lowered its position in shares of Aon plc (NYSE:AON) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,503 shares of the financial services provider’s stock after selling 54 shares during the period. Good Life Advisors LLC’s holdings in AON were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in AON by 21.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,266 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 397 shares during the period. New York State Common Retirement Fund raised its holdings in AON by 0.6% in the 4th quarter. New York State Common Retirement Fund now owns 281,501 shares of the financial services provider’s stock valued at $101,104,000 after buying an additional 1,553 shares during the period. Kestra Investment Management LLC acquired a new position in AON in the fourth quarter valued at about $39,000. CIBC Asset Management Inc increased its position in shares of AON by 1.1% during the fourth quarter. CIBC Asset Management Inc now owns 188,201 shares of the financial services provider’s stock valued at $67,522,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in shares of AON by 59.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other AON news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AON has been the subject of several research reports. Barclays lifted their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Piper Sandler boosted 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. TD Cowen raised their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $386.21.

AON Trading Up 1.0 %

NYSE:AON opened at $394.85 on Thursday. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.65. The stock has a market cap of $85.40 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.11 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The stock has a 50-day simple moving average of $367.38 and a 200-day simple moving average of $360.88.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate 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 earned $3.89 earnings per share. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

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.