Parallel Advisors LLC Has $798,000 Stake in Aon plc (NYSE:AON)

Parallel Advisors LLC raised its position in Aon plc (NYSE:AON) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,222 shares of the financial services provider’s stock after purchasing an additional 68 shares during the period. Parallel Advisors LLC’s holdings in AON were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. lifted its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares during the period. Anchor Investment Management LLC lifted its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of AON during the 4th quarter valued at $39,000. Finally, Kestra Investment Management LLC acquired a new position in shares of AON during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AON shares. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $386.21.

AON Price Performance

AON opened at $390.70 on Thursday. The firm has a market cap of $84.39 billion, a P/E ratio of 30.86, a PEG ratio of 2.12 and a beta of 0.92. The firm has a 50-day moving average of $383.79 and a 200 day moving average of $369.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the firm earned $3.89 EPS. On average, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

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.