IFP Advisors Inc cut its stake in shares of Aon plc (NYSE:AON – Free Report) by 25.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 303 shares of the financial services provider’s stock after selling 103 shares during the period. IFP Advisors Inc’s holdings in AON were worth $109,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Valley Wealth Managers Inc. lifted its position in 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 in the last quarter. Intellectus Partners LLC lifted its position in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 31 shares in the last quarter. V Square Quantitative Management LLC lifted its position in AON by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in AON by 5.2% during the 4th 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 acquiring 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 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 33 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and an average price target of $386.21.
View Our Latest Stock Report on AON
AON Price Performance
Shares of NYSE AON opened at $405.21 on Wednesday. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $87.53 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The business has a 50 day simple moving average of $374.76 and a 200-day simple moving average of $365.64.
AON (NYSE:AON – Get Free Report) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company posted $3.89 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.
AON Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.67%. AON’s dividend payout ratio is currently 21.33%.
About AON
(Free Report)
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.
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