Montag A & Associates Inc. Invests $359,000 in Aon plc (NYSE:AON)

Montag A & Associates Inc. purchased a new stake in Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the financial services provider's stock, valued at approximately $359,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PUREfi Wealth LLC acquired a new position in AON in the 4th quarter worth $432,000. V Square Quantitative Management LLC boosted its stake in AON by 1.3% in the 4th 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 during the period. Vontobel Holding Ltd. boosted its stake in AON by 57.2% in the 4th quarter. Vontobel Holding Ltd. now owns 151,415 shares of the financial services provider's stock worth $54,382,000 after purchasing an additional 55,094 shares during the period. Catalyst Financial Partners LLC boosted its stake in AON by 7.1% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,170 shares of the financial services provider's stock worth $420,000 after purchasing an additional 78 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in AON by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 83,101 shares of the financial services provider's stock worth $29,948,000 after purchasing an additional 2,093 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Performance

AON traded down $3.56 on Friday, reaching $389.51. The company had a trading volume of 1,751,244 shares, compared to its average volume of 1,039,616. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.65. The stock has a market cap of $84.13 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.15 and a beta of 0.93. The company's fifty day moving average is $368.55 and its 200 day moving average is $361.55. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts' consensus estimates 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 posted $3.89 EPS. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON's dividend payout ratio (DPR) is currently 21.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen upped their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price target on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. Barclays boosted 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. Finally, Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $386.21.

Insider Activity at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.