Mesirow Financial Investment Management Inc. Has $1.09 Million Stake in Aon plc (NYSE:AON)

Mesirow Financial Investment Management Inc. cut its stake in Aon plc (NYSE:AON) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,692 shares of the financial services provider’s stock after selling 656 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in AON were worth $1,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AON. AlpInvest Partners B.V. bought a new position in AON during the second quarter valued at about $11,578,000. Carlyle Group Inc. purchased a new position in AON in the second quarter valued at about $1,460,000. Quantbot Technologies LP increased its stake in shares of AON by 172.4% during the 2nd quarter. Quantbot Technologies LP now owns 13,417 shares of the financial services provider’s stock worth $3,939,000 after purchasing an additional 8,491 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AON by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 655,944 shares of the financial services provider’s stock worth $192,568,000 after purchasing an additional 46,560 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after purchasing an additional 309,702 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.8 %

AON opened at $350.69 on Tuesday. 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 plc has a one year low of $268.06 and a one year high of $353.54. The firm has a market capitalization of $76.25 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. The company has a fifty day moving average price of $326.56 and a 200-day moving average price of $310.44.

AON (NYSE:AON) last announced its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. AON’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. Equities research analysts expect that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent research reports. Piper Sandler raised their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Citigroup began coverage on shares of AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 target price for the company. Bank of America lowered shares of AON from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $337.27.

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.