691 Shares in Aon plc (NYSE:AON) Acquired by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY purchased a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 691 shares of the financial services provider’s stock, valued at approximately $248,000.

A number of other large investors have also bought and sold shares of the business. State Street Corp boosted its position in AON by 0.4% in 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 buying an additional 32,417 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AON by 0.9% in 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 period. Veritas Asset Management LLP lifted its stake in shares of AON by 41.6% in 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 period. Cantillon Capital Management LLC lifted its stake in shares of AON by 15.6% in 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of AON by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock valued at $417,528,000 after purchasing an additional 11,922 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Price Performance

Shares of NYSE AON opened at $376.78 on Tuesday. The stock has a market capitalization of $81.49 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.00 and a beta of 0.93. The business has a 50-day moving average of $367.37 and a 200-day moving average of $351.91. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $370.87.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm’s 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 sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About AON

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.