Mitchell Capital Management Co. Sells 121 Shares of Aon plc (NYSE:AON)

Mitchell Capital Management Co. reduced its position in Aon plc (NYSE:AON) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,742 shares of the financial services provider’s stock after selling 121 shares during the period. Mitchell Capital Management Co.’s holdings in AON were worth $2,421,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AON. Pinnacle Associates Ltd. boosted its holdings in shares of AON by 71.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,390 shares of the financial services provider’s stock valued at $481,000 after buying an additional 578 shares in the last quarter. Americana Partners LLC boosted its stake in AON by 5.8% in the 3rd quarter. Americana Partners LLC now owns 2,050 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 113 shares in the last quarter. Dash Acquisitions Inc. boosted its stake in AON by 6.6% in the 3rd quarter. Dash Acquisitions Inc. now owns 21,618 shares of the financial services provider’s stock worth $8,116,000 after purchasing an additional 1,333 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in AON by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 936 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 154 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its stake in AON by 10.8% in the 3rd quarter. Pure Financial Advisors LLC now owns 10,093 shares of the financial services provider’s stock worth $3,492,000 after purchasing an additional 986 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AON. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised 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, Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Price Performance

NYSE:AON opened at $409.15 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $88.38 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a 50 day moving average price of $372.88 and a 200-day moving average price of $364.35. Aon plc has a 1-year low of $268.06 and a 1-year high of $409.99.

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

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

AON 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.