Mn Services Vermogensbeheer B.V. Boosts Holdings in Aon plc (NYSE:AON)

Mn Services Vermogensbeheer B.V. increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,700 shares of the financial services provider's stock after buying an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in AON were worth $28,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. State Street Corp raised its position in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider's stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider's stock worth $1,489,690,000 after acquiring an additional 38,447 shares in the last quarter. Veritas Asset Management LLP lifted its stake in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after buying an additional 883,761 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after purchasing an additional 343,592 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its position in AON by 15.6% during the 3rd quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider's stock worth $455,398,000 after acquiring an additional 177,956 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a report on Monday, November 4th. One equities 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $386.21.

AON Stock Up 1.3 %

Shares of NYSE:AON traded up $5.15 during trading on Friday, reaching $409.15. 1,641,942 shares of the stock were exchanged, compared to its average volume of 1,087,155. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average of $372.88 and a two-hundred day moving average of $364.35. The firm has a market cap of $88.38 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $409.99.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the company earned $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

AON Company 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.