Legacy Financial Advisors Inc. Sells 32 Shares of Aon plc (NYSE:AON)

Legacy Financial Advisors Inc. lowered its position in shares of Aon plc (NYSE:AON) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 921 shares of the financial services provider’s stock after selling 32 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in AON were worth $331,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its holdings in 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 buying an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in AON during the fourth quarter valued at $39,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays dropped their price target on AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research note on Friday. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Jefferies Financial Group increased their target price on AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday. Finally, Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $393.87.

AON Price Performance

AON stock opened at $375.26 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $268.06 and a 12 month high of $412.97. The stock has a market cap of $81.06 billion, a PE ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a 50-day moving average price of $390.58 and a 200 day moving average price of $374.56.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 period in the prior year, the business earned $3.89 EPS. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.79%. AON’s payout ratio is currently 21.33%.

AON Company 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.