Mount Yale Investment Advisors LLC Increases Stock Holdings in Aon plc (NYSE:AON)

Mount Yale Investment Advisors LLC lifted its holdings in Aon plc (NYSE:AON) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,339 shares of the financial services provider’s stock after purchasing an additional 234 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AON were worth $3,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AON. Farallon Capital Management LLC raised its position in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after acquiring an additional 1,243,200 shares during the period. Meritage Group LP purchased a new position in AON during the first quarter valued at $258,471,000. Bank of New York Mellon Corp grew its holdings in AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares during the period. Stone Point Capital LLC purchased a new stake in AON in the second quarter worth about $151,808,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AON by 32.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after buying an additional 471,424 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.4 %

Shares of NYSE AON opened at $356.77 on Friday. The company has a market cap of $77.50 billion, a P/E ratio of 28.52, a PEG ratio of 2.31 and a beta of 0.92. The firm has a 50-day simple moving average of $347.63 and a two-hundred day simple moving average of $316.00. Aon plc has a 1 year low of $268.06 and a 1 year high of $363.46. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 EPS. Research analysts anticipate that Aon plc will post 15.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.76%. AON’s dividend payout ratio (DPR) is 21.58%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AON. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Jefferies Financial Group lifted their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler boosted their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Wells Fargo & Company lifted their target price on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $349.69.

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.