Mediolanum International Funds Ltd Purchases 10,937 Shares of Aon plc $AON

Mediolanum International Funds Ltd grew its holdings in Aon plc (NYSE:AON) by 260.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,144 shares of the financial services provider’s stock after purchasing an additional 10,937 shares during the period. Mediolanum International Funds Ltd’s holdings in AON were worth $5,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC purchased a new position in AON during the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp bought a new stake in shares of AON in the 2nd quarter worth approximately $31,000. Salomon & Ludwin LLC purchased a new stake in AON in the 3rd quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new stake in AON during the 2nd quarter valued at approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of AON during the 2nd quarter worth approximately $37,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.1%

Shares of NYSE:AON opened at $349.90 on Tuesday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company has a market cap of $75.20 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.79 and a beta of 0.83. The stock has a 50 day moving average of $347.99 and a 200 day moving average of $353.68. The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.42 earnings per share. As a group, equities research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 17.51%.

Analysts Set New Price Targets

A number of research firms have recently commented on AON. UBS Group restated a “neutral” rating and issued a $385.00 target price on shares of AON in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and issued a $408.00 target price on shares of AON in a report on Monday. JPMorgan Chase & Co. reduced their price target on AON from $433.00 to $406.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a research note on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, AON currently has an average rating of “Moderate Buy” and a consensus target price of $408.44.

AON Company Profile

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.