Martin Investment Management LLC Sells 77 Shares of Aon plc (NYSE:AON)

Martin Investment Management LLC decreased its stake in shares of Aon plc (NYSE:AON) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 quarter.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its position in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in AON by 5.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after buying an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in AON by 0.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 33 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 33 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in shares of AON by 3.5% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Down 0.0 %

Shares of AON stock opened at $398.95 on Wednesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The company has a market cap of $86.17 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.12 and a beta of 0.92. 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 stock has a 50 day simple moving average of $390.00 and a 200-day simple moving average of $373.11.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 in the prior year, the business earned $3.89 EPS. On average, equities research analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

Analysts Set New Price Targets

AON has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Redburn Atlantic raised shares of AON to a “hold” rating in a report on Tuesday, March 25th. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $386.21.

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.