Congress Wealth Management LLC DE Sells 3,257 Shares of Aon plc (NYSE:AON)

Congress Wealth Management LLC DE reduced its stake in shares of Aon plc (NYSE:AON) by 43.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,268 shares of the financial services provider’s stock after selling 3,257 shares during the quarter. Congress Wealth Management LLC DE’s holdings in AON were worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC raised its holdings 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 valued at $840,000 after buying an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of 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 valued at $242,000 after acquiring an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of AON by 0.9% in 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 during the last quarter. Moors & Cabot Inc. boosted its stake in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 33 shares during the period. Finally, Sandy Cove Advisors LLC grew its holdings in AON by 3.5% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Trading Up 0.5 %

Shares of NYSE:AON opened at $398.67 on Friday. The company has a market capitalization of $86.11 billion, a PE ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The business’s fifty day simple moving average is $388.16 and its 200-day simple moving average is $371.75.

AON (NYSE:AON) last posted 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 return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the firm earned $3.89 EPS. As a group, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

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.