Wrapmanager Inc. Sells 115 Shares of Aon plc (NYSE:AON)

Wrapmanager Inc. cut its position in Aon plc (NYSE:AON) by 14.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 661 shares of the financial services provider’s stock after selling 115 shares during the quarter. Wrapmanager Inc.’s holdings in AON were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co raised its holdings in AON by 17.6% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,873 shares of the financial services provider’s stock valued at $4,264,000 after acquiring an additional 1,780 shares during the period. Wealthstream Advisors Inc. grew its position in shares of AON by 21.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 1,008 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 180 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in AON by 27.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,685 shares of the financial services provider’s stock valued at $20,000,000 after purchasing an additional 12,000 shares during the period. Lansing Street Advisors lifted its holdings in AON by 25.7% in the 4th quarter. Lansing Street Advisors now owns 734 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 150 shares in the last quarter. Finally, Howard Capital Management Inc. bought a new position in AON in the 4th quarter worth approximately $448,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

NYSE AON opened at $397.99 on Wednesday. The business’s 50 day moving average price is $369.95 and its 200-day moving average price is $363.01. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $398.10. The company has a market cap of $85.97 billion, a P/E ratio of 31.44, a P/E/G 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.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $3.89 EPS. Sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AON shares. Barclays lifted their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.