Aon plc (NYSE:AON) Shares Sold by Martin Investment Management LLC

Martin Investment Management LLC reduced its stake in shares of Aon plc (NYSE:AON) by 4.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,690 shares of the financial services provider’s stock after selling 77 shares during the quarter. Martin Investment Management LLC’s holdings in AON were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new position in AON during the fourth quarter worth about $32,000. Anchor Investment Management LLC boosted its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Down 0.0 %

Shares of NYSE AON opened at $398.95 on Wednesday. The business has a 50-day moving average price of $390.00 and a 200 day moving average price of $373.11. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The stock has a market cap of $86.17 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS 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 period in the previous year, the business earned $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AON shares. Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Redburn Atlantic raised AON to a “hold” rating in a research report on Tuesday, March 25th. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.