Aon plc (NYSE:AON) Position Raised by Mattern Capital Management LLC

Mattern Capital Management LLC increased its position in shares of Aon plc (NYSE:AON) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,724 shares of the financial services provider’s stock after purchasing an additional 77 shares during the period. Mattern Capital Management LLC’s holdings in AON were worth $978,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AON. AMF Tjanstepension AB acquired a new position in AON in the third quarter worth approximately $20,856,000. Signaturefd LLC increased its stake in shares of AON by 9.0% in the third quarter. Signaturefd LLC now owns 2,646 shares of the financial services provider’s stock worth $916,000 after acquiring an additional 219 shares during the last quarter. Eastern Bank acquired a new position in shares of AON in the third quarter worth $43,000. International Assets Investment Management LLC bought a new stake in AON in the third quarter worth $906,040,000. Finally, Tanager Wealth Management LLP bought a new stake in AON in the third quarter worth $479,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AON shares. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. 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 report on Monday, February 3rd. Royal Bank of Canada upped 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. JPMorgan Chase & Co. increased their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company raised their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $386.21.

AON Price Performance

AON opened at $393.04 on Friday. Aon plc has a one year low of $268.06 and a one year high of $395.65. The stock has a market capitalization of $84.90 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.15 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The company’s 50 day simple moving average is $367.99 and its 200-day simple moving average is $361.10.

AON (NYSE:AON) last announced 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 net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the firm earned $3.89 EPS. Sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 0.69%. AON’s dividend payout ratio is 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.