Mather Group LLC. Decreases Stock Holdings in Aon plc $AON

Mather Group LLC. lessened its stake in Aon plc (NYSE:AON) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,957 shares of the financial services provider’s stock after selling 144 shares during the period. Mather Group LLC.’s holdings in AON were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON during the 1st quarter worth approximately $28,000. Saudi Central Bank purchased a new position in AON in the first quarter worth $31,000. Pinnacle Bancorp Inc. lifted its holdings in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in shares of AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares in the last quarter. Finally, Tsfg LLC purchased a new position in AON during the 1st quarter worth $37,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 0.8%

NYSE:AON opened at $351.04 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company’s fifty day moving average price is $363.73 and its 200-day moving average price is $365.52. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The firm has a market capitalization of $75.69 billion, a P/E ratio of 29.40, a PEG ratio of 2.10 and a beta of 0.87.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.93 earnings per share. As a group, equities research analysts anticipate 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, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON’s dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler raised their price target on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Barclays restated an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Wolfe Research began coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, AON presently has a consensus rating of “Moderate Buy” and an average target price of $414.69.

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.