Mirae Asset Global Investments Co. Ltd. Purchases 3,100 Shares of Aon plc $AON

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Aon plc (NYSE:AONFree Report) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,043 shares of the financial services provider’s stock after buying an additional 3,100 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AON were worth $11,069,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in AON by 5.9% during the third quarter. Bank of New York Mellon Corp now owns 3,715,346 shares of the financial services provider’s stock worth $1,324,818,000 after buying an additional 207,690 shares during the last quarter. Federated Hermes Inc. grew its holdings in AON by 48.5% during the third quarter. Federated Hermes Inc. now owns 943 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 308 shares during the period. One Wealth Advisors LLC increased its position in AON by 10.9% in the third quarter. One Wealth Advisors LLC now owns 793 shares of the financial services provider’s stock worth $283,000 after buying an additional 78 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in AON by 98.6% in the 3rd quarter. Phoenix Financial Ltd. now owns 6,243 shares of the financial services provider’s stock worth $2,226,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in AON by 3.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 27,565 shares of the financial services provider’s stock valued at $9,830,000 after acquiring an additional 1,009 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 2.0%

Shares of AON opened at $349.80 on Friday. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The company’s fifty day moving average is $347.88 and its 200 day moving average is $353.72. The stock has a market capitalization of $75.18 billion, a PE ratio of 28.03, a P/E/G ratio of 1.76 and a beta of 0.84.

AON (NYSE:AONGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. AON had a net margin of 15.96% and a return on equity of 48.88%. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same period last year, the company posted $4.42 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be paid a $0.745 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 23.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AON shares. Mizuho set a $387.00 price objective on shares of AON in a research note on Wednesday, January 14th. TD Cowen decreased their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. Wells Fargo & Company lowered their price objective on shares of AON from $449.00 to $448.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $436.00 price objective on shares of AON in a research note on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average target price of $408.47.

View Our Latest Analysis on AON

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About AON

(Free Report)

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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