Matrix Trust Co Boosts Holdings in Aon plc (NYSE:AON)

Matrix Trust Co lifted its stake in shares of Aon plc (NYSE:AON) by 548.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266 shares of the financial services provider’s stock after acquiring an additional 225 shares during the period. Matrix Trust Co’s holdings in AON were worth $96,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Farallon Capital Management LLC boosted its holdings in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after purchasing an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in AON during the third quarter valued at about $336,375,000. Veritas Asset Management LLP raised its holdings 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 worth $1,041,623,000 after purchasing an additional 883,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares during the period. Finally, Stone Point Capital LLC acquired a new stake in AON during the 2nd quarter worth approximately $151,808,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on AON shares. Keefe, Bruyette & Woods decreased their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday. Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. TD Cowen raised their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $368.67.

Insider Transactions at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Price Performance

AON opened at $355.02 on Tuesday. The company has a market capitalization of $76.78 billion, a P/E ratio of 29.96, a PEG ratio of 2.27 and a beta of 0.93. The company has a 50-day moving average of $369.99 and a 200-day moving average of $347.42. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 0.76%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio is presently 22.78%.

AON 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.