Motco Has $10.20 Million Stake in Aon plc (NYSE:AON)

Motco decreased its holdings in shares of Aon plc (NYSE:AON) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,404 shares of the financial services provider’s stock after selling 1,394 shares during the quarter. Motco’s holdings in AON were worth $10,202,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Diamond Hill Capital Management Inc. acquired a new position in AON during the third quarter worth approximately $336,375,000. Veritas Asset Management LLP raised its position in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after buying an additional 808,990 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report 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. Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON Stock Up 1.1 %

Shares of AON opened at $403.61 on Friday. The firm has a market capitalization of $87.18 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.12 and a beta of 0.93. The firm has a fifty day moving average price of $371.87 and a 200-day moving average price of $363.54. Aon plc has a 12-month low of $268.06 and a 12-month high of $408.26. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

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

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 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.