Progressive Investment Management Corp Decreases Stake in Aon plc (NYSE:AON)

Progressive Investment Management Corp decreased its stake in shares of Aon plc (NYSE:AON) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,771 shares of the financial services provider’s stock after selling 192 shares during the quarter. Progressive Investment Management Corp’s holdings in AON were worth $3,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC lifted its stake in AON by 1.3% in 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 in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of AON by 5.2% during 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 last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of AON by 0.9% in 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 acquiring an additional 33 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of AON by 3.0% during the fourth 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 in the last quarter. Finally, Sandy Cove Advisors LLC raised its stake in AON by 3.5% in 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. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Redburn Atlantic raised shares of AON to a “hold” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, 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 research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

AON stock opened at $394.22 on Friday. The company’s 50 day simple moving average is $388.72 and its 200-day simple moving average is $372.06. 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 plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a market capitalization of $85.15 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 in the previous year, the business earned $3.89 EPS. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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 of this dividend 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 (DPR) is presently 21.33%.

AON Company Profile

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.