Stratos Wealth Partners LTD. Sells 1,013 Shares of Aon plc (NYSE:AON)

Stratos Wealth Partners LTD. cut its stake in shares of Aon plc (NYSE:AON - Free Report) by 20.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,886 shares of the financial services provider's stock after selling 1,013 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in AON were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Portside Wealth Group LLC lifted its position in shares of AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after purchasing an additional 9,302 shares during the period. Aviva PLC increased its stake in AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after purchasing an additional 40,850 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after acquiring an additional 6,038 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Ninety One North America Inc. grew its stake in shares of AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after acquiring an additional 2,932 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.9%

AON stock traded down $3.15 on Friday, reaching $355.85. The company's stock had a trading volume of 857,263 shares, compared to its average volume of 1,164,048. The business has a fifty day simple moving average of $358.19 and a two-hundred day simple moving average of $370.67. Aon plc has a 12-month low of $295.79 and a 12-month high of $412.97. The firm has a market cap of $76.84 billion, a PE ratio of 30.31, a PEG ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.66 EPS. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON's payout ratio is presently 25.38%.

Analysts Set New Price Targets

AON has been the topic of a number of research analyst reports. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of AON from $436.00 to $438.00 and gave the company an "overweight" rating in a report on Thursday. Redburn Atlantic raised shares of AON to a "hold" rating in a report on Tuesday, March 25th. Barclays decreased their price objective on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Finally, Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $403.00.

AON 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.