Mizuho Securities USA LLC Acquires 6,410 Shares of Aon plc (NYSE:AON)

Mizuho Securities USA LLC boosted its position in Aon plc (NYSE:AON - Free Report) by 45.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,497 shares of the financial services provider's stock after buying an additional 6,410 shares during the quarter. Mizuho Securities USA LLC's holdings in AON were worth $7,362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of AON in the fourth quarter worth about $32,000. TD Private Client Wealth LLC raised its stake in AON by 9.2% during the 4th quarter. TD Private Client Wealth LLC now owns 3,066 shares of the financial services provider's stock valued at $1,101,000 after purchasing an additional 258 shares during the last quarter. HUB Investment Partners LLC bought a new stake in AON in the 4th quarter valued at $426,000. Whittier Trust Co. increased its holdings in shares of AON by 0.8% during the 4th quarter. Whittier Trust Co. now owns 5,307 shares of the financial services provider's stock worth $1,906,000 after purchasing an additional 41 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of AON by 306.3% in the fourth quarter. Teacher Retirement System of Texas now owns 72,850 shares of the financial services provider's stock valued at $26,165,000 after buying an additional 54,921 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Price Performance

AON traded up $1.94 during midday trading on Thursday, hitting $398.67. The company had a trading volume of 1,527,964 shares, compared to its average volume of 1,106,920. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm's 50-day simple moving average is $387.55 and its 200-day simple moving average is $371.56. The company has a market capitalization of $86.11 billion, a PE ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92.

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AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 period last year, the business earned $3.89 earnings per share. Equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON's dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $386.21.

AON Profile

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.