Mather Group LLC. Sells 386 Shares of Aon plc (NYSE:AON)

Mather Group LLC. cut its holdings in Aon plc (NYSE:AON) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,058 shares of the financial services provider’s stock after selling 386 shares during the quarter. Mather Group LLC.’s holdings in AON were worth $1,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after purchasing an additional 64,500 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after purchasing an additional 309,702 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of AON by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in shares of AON by 4.7% during the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after purchasing an additional 127,173 shares in the last quarter. Finally, Independent Franchise Partners LLP boosted its position in shares of AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after purchasing an additional 49,161 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised their price objective on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $341.81.

AON Stock Up 1.4 %

Shares of AON stock opened at $359.03 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $360.16. The firm’s fifty day moving average price is $341.10 and its two-hundred day moving average price is $313.61. The firm has a market capitalization of $78.00 billion, a P/E ratio of 28.14, a PEG ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the firm posted $2.76 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities analysts predict that Aon plc will post 15.22 EPS for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

AON Company 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.