Mattern Capital Management LLC Buys 169 Shares of Aon plc (NYSE:AON)

Mattern Capital Management LLC grew its stake in shares of Aon plc (NYSE:AON) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,647 shares of the financial services provider’s stock after acquiring an additional 169 shares during the period. Mattern Capital Management LLC’s holdings in AON were worth $916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in shares of AON during the 2nd quarter worth $31,000. Eastern Bank bought a new stake in shares of AON in the 3rd quarter valued at about $43,000. Nemes Rush Group LLC purchased a new position in shares of AON in the 2nd quarter worth approximately $45,000. Bruce G. Allen Investments LLC raised its stake in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in AON during the first quarter valued at approximately $55,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AON shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. TD Cowen boosted their price target on AON from $413.00 to $432.00 in a research note on Thursday. Evercore ISI increased their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Finally, Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $349.69.

AON Stock Performance

Shares of AON stock opened at $375.44 on Friday. The stock has a market cap of $81.56 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.31 and a beta of 0.92. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The business has a 50-day simple moving average of $349.01 and a 200-day simple moving average of $316.65. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.27. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. On average, equities analysts expect that Aon plc will post 15.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. AON’s payout ratio is 21.58%.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.