TCI Wealth Advisors Inc. Has $208,000 Position in Aon plc (NYSE:AON)

TCI Wealth Advisors Inc. trimmed its holdings in Aon plc (NYSE:AON) by 16.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 580 shares of the financial services provider’s stock after selling 114 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in AON were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the fourth quarter worth approximately $29,000. Anchor Investment Management LLC boosted its position in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of AON in the 3rd quarter valued at $37,000. R Squared Ltd bought a new stake in shares of AON during the fourth quarter worth $43,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of AON during the third quarter valued at $42,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of several recent research reports. Bank of America boosted their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reduced their price target on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and an average price target of $370.87.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $371.39 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. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company’s 50 day moving average price is $366.65 and its two-hundred day moving average price is $353.21. The company has a market capitalization of $80.32 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.32% and a return on equity of 107.43%. During the same period in the previous year, the company posted $3.89 EPS. On average, analysts expect that Aon plc will post 15.43 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio is presently 22.78%.

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.