B. Riley Wealth Advisors Inc. Sells 583 Shares of Aon plc (NYSE:AON)

B. Riley Wealth Advisors Inc. trimmed its holdings in Aon plc (NYSE:AON) by 36.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,029 shares of the financial services provider’s stock after selling 583 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in AON were worth $299,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of AON in the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new position in shares of AON in the fourth quarter valued at about $31,000. Bruce G. Allen Investments LLC bought a new position in shares of AON in the fourth quarter valued at about $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in AON during the 4th quarter worth about $43,000. Finally, First United Bank & Trust bought a new stake in AON during the 4th quarter worth about $44,000. 86.14% of the stock is owned by institutional investors.

Insider Transactions at AON

In related news, Director Lester B. Knight acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the purchase, the director now directly owns 139,000 shares in the company, valued at approximately $38,448,790. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AON. JPMorgan Chase & Co. boosted their price objective on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Morgan Stanley boosted their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 target price on shares of AON in a research report on Tuesday, June 18th. Citigroup started coverage on AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 target price for the company. Finally, Bank of America lowered AON from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $321.86.

AON Stock Down 1.4 %

NYSE:AON opened at $288.61 on Thursday. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37. The business has a 50 day moving average price of $290.61 and a two-hundred day moving average price of $303.22. The company has a market cap of $62.75 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company earned $5.17 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is currently 21.16%.

About AON

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.