Catalyst Financial Partners LLC Has $420,000 Position in Aon plc (NYSE:AON)

Catalyst Financial Partners LLC grew its stake in Aon plc (NYSE:AON) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,170 shares of the financial services provider’s stock after purchasing an additional 78 shares during the period. Catalyst Financial Partners LLC’s holdings in AON were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AON. Endeavor Private Wealth Inc. acquired a new stake in shares of AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its position in AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the period. Anchor Investment Management LLC boosted its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the period. First Personal Financial Services acquired a new stake in AON during the 3rd quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in AON during the 3rd quarter worth approximately $42,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

NYSE:AON opened at $387.22 on Friday. The company has a fifty day moving average of $365.57 and a 200-day moving average of $358.89. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $83.74 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (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 in the prior year, the company posted $3.89 earnings per share. As a group, sell-side analysts anticipate that Aon plc will post 17.24 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Analyst Ratings Changes

Several research firms recently commented on AON. Wells Fargo & Company lifted their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets raised their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, AON currently has an average rating of “Hold” and a consensus price target of $386.21.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at $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. 1.30% of the stock is currently owned by insiders.

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.