Asset Management One Co. Ltd. Acquires 2,093 Shares of Aon plc (NYSE:AON)

Asset Management One Co. Ltd. raised its holdings in shares of Aon plc (NYSE:AON) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,101 shares of the financial services provider’s stock after acquiring an additional 2,093 shares during the quarter. Asset Management One Co. Ltd.’s holdings in AON were worth $29,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. AMF Tjanstepension AB bought a new stake in AON during the third quarter valued at about $20,856,000. Good Life Advisors LLC raised its holdings in AON by 1.5% during the third quarter. Good Life Advisors LLC now owns 3,557 shares of the financial services provider’s stock valued at $1,231,000 after acquiring an additional 54 shares during the period. Trust Co. of Vermont raised its holdings in AON by 8.7% during the third quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 35 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AON by 1.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,082 shares of the financial services provider’s stock valued at $8,678,000 after acquiring an additional 431 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of AON by 12.8% during the third quarter. V Square Quantitative Management LLC now owns 2,307 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 261 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research analyst reports. Barclays raised their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $386.21.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Stock Down 0.8 %

Shares of NYSE AON opened at $387.22 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The company has a market cap of $83.74 billion, a P/E ratio of 30.59, a PEG ratio of 2.09 and a beta of 0.93. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The firm has a 50-day simple moving average of $365.57 and a two-hundred day simple moving average of $358.89.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 quarter in the prior year, the firm earned $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.24 earnings per share for the current year.

AON Dividend Announcement

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

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.