Atria Wealth Solutions Inc. Decreases Holdings in Aon plc (NYSE:AON)

Atria Wealth Solutions Inc. decreased its position in shares of Aon plc (NYSE:AON) by 26.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,788 shares of the financial services provider’s stock after selling 656 shares during the period. Atria Wealth Solutions Inc.’s holdings in AON were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. ZRC Wealth Management LLC purchased a new position in shares of AON in the first quarter worth $26,000. Milestone Investment Advisors LLC purchased a new position in shares of AON in the first quarter worth $30,000. Quarry LP acquired a new stake in shares of AON in the first quarter worth $31,000. Park Place Capital Corp increased its stake in shares of AON by 211.4% in the first quarter. Park Place Capital Corp now owns 109 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 74 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of AON in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

AON Stock Performance

AON opened at $336.16 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 61.66. The company has a market cap of $68.20 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.59 and a beta of 0.90. Aon plc has a 52-week low of $266.35 and a 52-week high of $347.37. The firm’s fifty day simple moving average is $329.64 and its two-hundred day simple moving average is $323.37.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.07). The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.17 billion. AON had a net margin of 20.78% and a negative return on equity of 1,312.86%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.63 earnings per share. Equities analysts anticipate that Aon plc will post 14.26 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were paid a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, July 31st. AON’s dividend payout ratio is currently 19.16%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price objective on shares of AON in a research note on Tuesday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of AON from $322.00 to $351.00 in a research note on Thursday, July 6th. StockNews.com initiated coverage on shares of AON in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $352.00 price target on shares of AON in a research report on Monday, July 31st. Finally, Bank of America raised their price target on shares of AON from $365.00 to $380.00 in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $341.55.

Insider Transactions at AON

In other AON news, Director Byron Spruell purchased 800 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $324.57 per share, with a total value of $259,656.00. Following the completion of the purchase, the director now owns 4,001 shares in the company, valued at approximately $1,298,604.57. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

About AON

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.