Mutual of America Capital Management LLC Sells 844 Shares of Aon plc (NYSE:AON)

Mutual of America Capital Management LLC decreased its position in shares of Aon plc (NYSE:AON) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,908 shares of the financial services provider’s stock after selling 844 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AON were worth $9,305,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. bought a new position in AON during the 3rd quarter worth approximately $336,375,000. Proficio Capital Partners LLC raised 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. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock worth $9,530,000 after purchasing an additional 1,451 shares during the last quarter. State Street Corp raised its holdings in AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after acquiring an additional 20,084 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada upped their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $386.21.

AON Stock Performance

Shares of AON stock opened at $409.15 on Friday. The company has a market cap of $88.38 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. Aon plc has a 52 week low of $268.06 and a 52 week high of $409.99. The business has a 50 day moving average price of $372.88 and a 200-day moving average price of $364.35. 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 issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the firm earned $3.89 earnings per share. Equities analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal 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 $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

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.