Mutual of America Capital Management LLC Lowers Position in Aon plc (NYSE:AON)

Mutual of America Capital Management LLC lowered its stake in shares of Aon plc (NYSE:AON - Free Report) by 3.2% in the fourth quarter, according to 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 period. Mutual of America Capital Management LLC's holdings in AON were worth $9,305,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its stake 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 valued at $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Geode Capital Management LLC boosted its stake in AON by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider's stock valued at $1,489,690,000 after purchasing an additional 38,447 shares during the last quarter. Veritas Asset Management LLP boosted its stake in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in AON by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its stake in AON by 15.6% during the 3rd quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider's stock valued at $455,398,000 after purchasing an additional 177,956 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

AON has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada boosted 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. Finally, Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $386.21.

AON Stock Performance

AON stock traded down $0.50 during midday trading on Wednesday, reaching $404.18. 1,459,245 shares of the company's stock traded hands, compared to its average volume of 1,084,578. The firm has a market capitalization of $87.30 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a 50-day moving average price of $375.61 and a two-hundred day moving average price of $365.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 quarter in the prior year, the company earned $3.89 EPS. As a group, equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.67%. AON's dividend payout ratio is currently 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.