Murphy & Mullick Capital Management Corp Buys Shares of 1,432 Aon plc (NYSE:AON)

Murphy & Mullick Capital Management Corp acquired a new stake in Aon plc (NYSE:AON) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,432 shares of the financial services provider’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its stake in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of AON in the 4th quarter valued at about $32,000. Anchor Investment Management LLC grew its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of AON in the fourth quarter worth approximately $39,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.7 %

Shares of AON opened at $396.03 on Wednesday. The stock has a market capitalization of $85.54 billion, a P/E ratio of 31.28, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a fifty day simple moving average of $386.85 and a two-hundred day simple moving average of $371.39.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $3.89 earnings per share. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s dividend payout ratio is presently 21.33%.

Analysts Set New Price Targets

AON has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler upped their price objective 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 price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $386.21.

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.