Mather Group LLC. Has $1.08 Million Holdings in Aon plc (NYSE:AON)

Mather Group LLC. trimmed its stake in Aon plc (NYSE:AON) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,016 shares of the financial services provider’s stock after selling 42 shares during the quarter. Mather Group LLC.’s holdings in AON were worth $1,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AON. Valley Wealth Managers Inc. increased its position 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 purchasing an additional 28 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after buying an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in shares of AON by 2.4% in the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 31 shares during the last quarter. Intellectus Partners LLC grew 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 during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings 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 valued at $242,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on AON. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday. TD Cowen raised their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price objective 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. Finally, Piper Sandler increased their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $380.80.

AON Price Performance

AON stock opened at $377.95 on Wednesday. The firm has a market capitalization of $81.74 billion, a P/E ratio of 29.85, a PEG ratio of 2.02 and a beta of 0.93. The business has a 50-day moving average of $366.06 and a 200-day moving average of $355.03. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 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 period in the prior year, the firm earned $3.89 earnings per share. On average, equities analysts anticipate that Aon plc will post 17.39 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.71%. AON’s dividend payout ratio is presently 21.33%.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.