Mutual of America Capital Management LLC Sells 757 Shares of Aon plc (NYSE:AON)

Mutual of America Capital Management LLC cut its position in shares of Aon plc (NYSE:AON - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,151 shares of the financial services provider's stock after selling 757 shares during the quarter. Mutual of America Capital Management LLC's holdings in AON were worth $10,038,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in AON during the first quarter worth about $28,000. Millstone Evans Group LLC acquired a new stake in AON during the fourth quarter valued at approximately $32,000. Tsfg LLC acquired a new stake in AON during the first quarter valued at approximately $37,000. Garde Capital Inc. acquired a new stake in AON during the first quarter valued at approximately $42,000. Finally, Nemes Rush Group LLC acquired a new stake in AON during the fourth quarter valued at approximately $55,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on AON. Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays reduced their target price on AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Wells Fargo & Company reissued an "overweight" rating and issued a $438.00 target price (up from $436.00) on shares of AON in a report on Thursday, July 10th. Finally, The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $403.00.

AON Trading Up 0.1%

AON stock traded up $0.19 during trading on Thursday, hitting $354.75. The company had a trading volume of 1,219,726 shares, compared to its average volume of 1,163,350. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $358.01 and a 200-day moving average price of $370.47. Aon plc has a 12 month low of $295.79 and a 12 month high of $412.97. The stock has a market cap of $76.60 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.11 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The business's revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.66 EPS. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, August 1st. AON's payout ratio is 25.38%.

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.