BlackDiamond Wealth Management LLC Has $372,000 Stake in Aon plc (NYSE:AON)

BlackDiamond Wealth Management LLC trimmed its position in Aon plc (NYSE:AON) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,035 shares of the financial services provider’s stock after selling 57 shares during the period. BlackDiamond Wealth Management LLC’s holdings in AON were worth $372,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. lifted its holdings in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares in the last quarter. Centricity Wealth Management LLC bought a new position in AON during the fourth quarter worth about $39,000. Finally, Kestra Investment Management LLC bought a new position in AON during the fourth quarter worth about $39,000. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

Shares of NYSE:AON opened at $390.90 on Tuesday. The company’s fifty day moving average is $382.21 and its 200 day moving average is $369.46. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The stock has a market cap of $84.43 billion, a PE ratio of 30.88, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business posted $3.89 EPS. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

AON has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and an average price target of $386.21.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.