Murphy & Mullick Capital Management Corp Invests $514,000 in Aon plc (NYSE:AON)

Murphy & Mullick Capital Management Corp bought a new stake in Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,432 shares of the financial services provider's stock, valued at approximately $514,000.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in AON by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of AON by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after buying an additional 20,942 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position 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 acquiring an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Finally, State Street Corp boosted its holdings in AON by 0.4% during the third 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. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and raised their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, 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 research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $386.21.

AON Price Performance

NYSE:AON traded down $5.32 during trading hours on Friday, reaching $394.22. 1,142,323 shares of the company were exchanged, compared to its average volume of 1,192,492. The business has a 50 day moving average of $388.72 and a 200 day moving average of $372.20. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. 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 company has a market capitalization of $85.15 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company earned $3.89 EPS. Research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently declared 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 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

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.