Icon Wealth Advisors LLC Decreases Stock Holdings in Aon plc $AON

Icon Wealth Advisors LLC trimmed its position in shares of Aon plc (NYSE:AON) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,376 shares of the financial services provider’s stock after selling 2,389 shares during the quarter. Icon Wealth Advisors LLC’s holdings in AON were worth $1,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sound View Wealth Advisors Group LLC raised its position in shares of AON by 1.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 29 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of AON by 2.1% in the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 32 shares during the last quarter. Westpac Banking Corp raised its position in shares of AON by 5.6% in the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 33 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of AON by 1.8% in the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its position in shares of AON by 39.3% in the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AON has been the subject of several research analyst reports. Barclays decreased their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Citigroup increased their price objective on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Piper Sandler increased their price objective on shares of AON from $355.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley cut their price target on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Mizuho cut their price target on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.81.

AON Price Performance

Shares of NYSE:AON opened at $335.51 on Friday. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The company’s 50 day moving average is $322.69 and its 200 day moving average is $332.68. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market cap of $71.66 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

AON (NYSE:AON) last issued its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the company earned $5.67 EPS. AON’s quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Aon plc will post 19.1 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is 16.36%.

AON Company 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.