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

Alliance Wealth Advisors LLC UT trimmed its holdings in shares of Aon plc (NYSE:AON) by 29.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,237 shares of the financial services provider’s stock after selling 2,190 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in AON were worth $1,867,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its position in AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new stake in shares of AON in the third quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new position in shares of AON during the second quarter worth about $31,000. Salomon & Ludwin LLC acquired a new stake in AON in the 3rd quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in AON in the 2nd quarter valued at approximately $37,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of a number of research reports. TD Cowen cut their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Evercore restated an “outperform” rating and issued a $436.00 price objective on shares of AON in a report on Wednesday, January 7th. Jefferies Financial Group reiterated a “buy” rating and set a $408.00 target price on shares of AON in a report on Monday, February 2nd. UBS Group restated a “neutral” rating and issued a $385.00 price target on shares of AON in a research note on Monday, February 2nd. Finally, Citigroup upped their price objective on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus target price of $409.75.

Insider Activity

In related news, Director Lester B. Knight acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was purchased 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 approximately $45,651,320. The trade was a 2.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction, the general counsel directly owned 20,254 shares in the company, valued at $6,598,550.66. The trade was a 19.93% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

AON Stock Performance

Shares of NYSE AON opened at $325.14 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $69.67 billion, a P/E ratio of 19.10, a P/E/G ratio of 1.67 and a beta of 0.83. Aon plc has a 12 month low of $304.59 and a 12 month high of $412.97. The stock has a 50 day moving average of $341.99 and a 200-day moving average of $350.63.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the business earned $4.42 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is presently 17.51%.

AON 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.