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

Asset Management One Co. Ltd. raised its position in shares of Aon plc (NYSE:AON - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,101 shares of the financial services provider's stock after buying 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 institutional investors and hedge funds have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its position in AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock valued at $307,000 after buying an additional 28 shares during the period. Intellectus Partners LLC lifted its position in AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock valued at $343,000 after buying an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after purchasing an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after purchasing an additional 33 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in shares of AON by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,552 shares of the financial services provider's stock worth $537,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Stock Performance

Shares of AON stock traded up $5.21 during trading hours on Tuesday, reaching $392.20. 293,747 shares of the stock traded hands, compared to its average volume of 1,010,237. The company has a 50 day moving average price of $366.14 and a 200 day moving average price of $360.21. The firm has a market capitalization of $84.82 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 2.09 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the company posted $3.89 earnings per share. On average, equities research analysts expect that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON's payout ratio is currently 21.33%.

Insider Activity

In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company's stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AON shares. TD Cowen lifted their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. BMO Capital Markets lifted their price target on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. Piper Sandler lifted 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. Evercore ISI raised 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. Finally, Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, AON has an average rating of "Hold" and a consensus target price of $386.21.

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.