Asset Management One Co. Ltd. Increases Holdings in Aon plc (NYSE:AON)

Asset Management One Co. Ltd. raised its position in shares of Aon plc (NYSE:AON) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new stake in AON during 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 valued at $30,000 after acquiring an additional 81 shares in the last quarter. 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 valued at $35,000 after acquiring an additional 93 shares in the last quarter. First Personal Financial Services bought a new stake in AON during the 3rd quarter valued at approximately $37,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in AON during the 3rd quarter valued at approximately $42,000. 86.14% of the stock is owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several research firms have weighed in on AON. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. TD Cowen boosted their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $386.21.

AON Stock Performance

AON stock opened at $387.22 on Friday. The stock has a market capitalization of $83.74 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The stock’s 50 day simple moving average is $365.57 and its 200 day simple moving average is $358.89.

AON (NYSE:AON) last released 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 return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the previous year, the business posted $3.89 EPS. As a group, research analysts forecast that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Announces Dividend

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

About AON

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.