B. Riley Wealth Advisors Inc. Purchases 170 Shares of Aon plc (NYSE:AON)

21 Dec 2024, 05:20 by Doug Wharley · The Cerbat Gem

B. Riley Wealth Advisors Inc. raised its position in shares of Aon plc (NYSE:AON – Free Report) by 24.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 872 shares of the financial services provider’s stock after purchasing an additional 170 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in AON were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% in 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 during the period. Y.D. More Investments Ltd bought a new stake in shares of AON in the second quarter worth approximately $31,000. First Personal Financial Services bought a new stake in shares of AON in the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC bought a new stake in shares of AON in the third quarter worth approximately $42,000. Finally, Eastern Bank bought a new stake in shares of AON in the third quarter worth approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AON has been the subject of a number of research analyst reports. TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Evercore ISI boosted their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Barclays boosted their target price on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $362.06.

Check Out Our Latest Analysis on AON

AON Price Performance

Shares of NYSE:AON opened at $358.47 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a market capitalization of $77.52 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.27 and a beta of 0.91. The firm’s 50 day simple moving average is $372.18 and its two-hundred day simple moving average is $339.63.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions 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 transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Company Profile

(Free Report)

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.