Picton Mahoney Asset Management Has $20.35 Million Holdings in Aon plc (NYSE:AON)

Picton Mahoney Asset Management grew its holdings in Aon plc (NYSE:AON - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,667 shares of the financial services provider's stock after buying an additional 8,290 shares during the quarter. Picton Mahoney Asset Management's holdings in AON were worth $20,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Diamond Hill Capital Management Inc. increased its position in AON by 28.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider's stock worth $448,137,000 after purchasing an additional 275,525 shares during the period. LBP AM SA acquired a new stake in AON in the fourth quarter worth about $8,810,000. Vestcor Inc increased its position in AON by 5.8% in the fourth quarter. Vestcor Inc now owns 3,947 shares of the financial services provider's stock worth $1,418,000 after purchasing an additional 216 shares during the period. Hopwood Financial Services Inc. acquired a new stake in AON in the fourth quarter worth about $237,000. Finally, Farther Finance Advisors LLC increased its position in AON by 7.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $361,000 after purchasing an additional 68 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised 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. Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $386.21.

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AON Stock Down 2.0 %

AON stock traded down $7.90 during midday trading on Monday, reaching $390.89. The stock had a trading volume of 1,090,401 shares, compared to its average volume of 1,100,003. The firm's fifty day simple moving average is $381.36 and its 200-day simple moving average is $369.13. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The stock has a market capitalization of $84.43 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. 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 announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $3.89 EPS. As a group, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON's payout ratio 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.