9,513 Shares in Aon plc $AON Bought by MV Capital Management Inc.

MV Capital Management Inc. bought a new stake in Aon plc (NYSE:AON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,513 shares of the financial services provider’s stock, valued at approximately $3,357,000.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in AON by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock worth $7,117,960,000 after acquiring an additional 191,658 shares during the last quarter. Capital World Investors raised its holdings in AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after purchasing an additional 176,207 shares during the period. State Street Corp boosted its position in shares of AON by 1.2% during the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after purchasing an additional 105,154 shares in the last quarter. Dodge & Cox grew its holdings in shares of AON by 126.6% in the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after buying an additional 4,387,773 shares during the period. Finally, Geode Capital Management LLC raised its stake in AON by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock worth $1,810,726,000 after buying an additional 28,066 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

AON opened at $318.50 on Friday. The company has a market capitalization of $68.03 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.72 and a beta of 0.71. The business’s 50-day moving average price is $322.93 and its two-hundred day moving average price is $331.86. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.AON’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.67 earnings per share. Equities analysts expect that Aon plc will post 19.09 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.82 per share. The ex-dividend date was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s dividend payout ratio is currently 18.00%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Piper Sandler cut their price objective on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a report on Monday. Barclays decreased their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. UBS Group dropped their target price on shares of AON from $385.00 to $360.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company cut their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $394.94.

About AON

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.