Wrapmanager Inc. Lowers Holdings in Aon plc (NYSE:AON)

Wrapmanager Inc. reduced its position in shares of Aon plc (NYSE:AON) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661 shares of the financial services provider’s stock after selling 115 shares during the period. Wrapmanager Inc.’s holdings in AON were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AON. Valley Wealth Managers Inc. grew its holdings in shares of AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 28 shares during the period. Intellectus Partners LLC boosted its position in shares of AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares in the last quarter. V Square Quantitative Management LLC grew its stake in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in AON by 5.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 33 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 1.5 %

Shares of NYSE:AON opened at $397.99 on Wednesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $398.10. The stock has a market capitalization of $85.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day simple moving average is $369.95 and its two-hundred day simple moving average is $363.01.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $3.89 earnings per share. Analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio is currently 21.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

About AON

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.