Wealthsource Partners LLC Has $419,000 Position in Aon plc (NYSE:AON)

Wealthsource Partners LLC cut its holdings in Aon plc (NYSE:AON – Get Rating) by 27.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,563 shares of the financial services provider’s stock after selling 601 shares during the quarter. Wealthsource Partners LLC’s holdings in AON were worth $419,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new stake in AON in the 3rd quarter worth approximately $25,000. Western Pacific Wealth Management LP acquired a new stake in shares of AON in the third quarter worth $29,000. Coston McIsaac & Partners bought a new stake in shares of AON during the 2nd quarter worth $38,000. Eagle Bay Advisors LLC acquired a new position in AON in the 2nd quarter valued at $39,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in AON by 47.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 158 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 51 shares during the period. 86.12% of the stock is owned by institutional investors.

AON Stock Down 0.3 %

Shares of NYSE AON opened at $292.57 on Wednesday. Aon plc has a 52-week low of $246.21 and a 52-week high of $341.98. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.37 and a current ratio of 1.37. The business has a fifty day moving average of $311.19 and a two-hundred day moving average of $296.87. The stock has a market cap of $60.02 billion, a PE ratio of 24.14, a PEG ratio of 1.94 and a beta of 0.89.

AON (NYSE:AON – Get Rating) last announced its quarterly earnings results on Friday, February 3rd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.22. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. AON had a net margin of 20.75% and a return on equity of 1,165.31%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.71 EPS. As a group, equities research analysts expect that Aon plc will post 14.53 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, January 31st. This represents a $2.24 dividend on an annualized basis and a yield of 0.77%. AON’s dividend payout ratio (DPR) is presently 18.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price target on AON from $305.00 to $325.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Citigroup lifted their price target on AON from $339.00 to $340.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. MKM Partners increased their price objective on AON from $335.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, December 5th. BMO Capital Markets started coverage on shares of AON in a research note on Thursday, January 19th. They set a “market perform” rating and a $310.00 target price for the company. Finally, Roth Capital restated a “buy” rating on shares of AON in a research report on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $314.80.

Insider Activity at AON

In other news, insider Michael Neller sold 1,000 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $311.59, for a total transaction of $311,590.00. Following the sale, the insider now owns 1,216 shares in the company, valued at $378,893.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael Neller sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total transaction of $311,590.00. Following the transaction, the insider now directly owns 1,216 shares in the company, valued at $378,893.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christa Davies sold 51,244 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $310.14, for a total transaction of $15,892,814.16. Following the completion of the sale, the chief financial officer now directly owns 199,571 shares of the company’s stock, valued at approximately $61,894,949.94. The disclosure for this sale can be found here. Insiders sold 73,389 shares of company stock valued at $22,664,130 in the last three months. Corporate insiders own 1.06% of the company’s stock.

About AON

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.