Metis Global Partners LLC Grows Position in Aon plc (NYSE:AON)

Metis Global Partners LLC raised its stake in Aon plc (NYSE:AON) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,944 shares of the financial services provider’s stock after buying an additional 1,421 shares during the period. Metis Global Partners LLC’s holdings in AON were worth $3,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. increased its stake in AON by 3.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 31 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after buying an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after buying an additional 33 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 1.3 %

NYSE AON opened at $409.15 on Friday. The firm has a 50 day simple moving average of $372.88 and a 200-day simple moving average of $364.35. 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 plc has a one year low of $268.06 and a one year high of $409.99. The firm has a market cap of $88.38 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate 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 business earned $3.89 earnings per share. Equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is 21.33%.

Analyst Ratings Changes

A number of research firms have weighed in on AON. Barclays upped their price objective 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. Piper Sandler raised their price objective 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. Royal Bank of Canada raised their price objective on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and an average price target of $386.21.

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.