Avior Wealth Management LLC Boosts Stock Holdings in Aon plc (NYSE:AON)

Avior Wealth Management LLC grew its holdings in Aon plc (NYSE:AON) by 23.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 320 shares of the financial services provider’s stock after acquiring an additional 60 shares during the period. Avior Wealth Management LLC’s holdings in AON were worth $111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Valley Wealth Managers Inc. grew its position in shares of AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after buying an additional 28 shares during the last quarter. CVA Family Office LLC grew its position in AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares during the last quarter. Amplius Wealth Advisors LLC grew its position in AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares during the last quarter. Intellectus Partners LLC grew its position in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 31 shares during the last quarter. Finally, waypoint wealth counsel grew its position in AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

NYSE:AON opened at $386.21 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a fifty day moving average of $362.45 and a two-hundred day moving average of $327.63. The stock has a market capitalization of $83.53 billion, a PE ratio of 32.59, a P/E/G ratio of 2.40 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is presently 22.78%.

Wall Street Analysts Forecast Growth

AON has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Barclays lifted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $362.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.