MUFG Securities EMEA plc Boosts Holdings in Aon plc $AON

MUFG Securities EMEA plc raised its holdings in Aon plc (NYSE:AON) by 1,220.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,511 shares of the financial services provider’s stock after purchasing an additional 50,384 shares during the quarter. MUFG Securities EMEA plc’s holdings in AON were worth $19,236,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its holdings in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of AON during the 3rd quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON during the 4th quarter worth about $30,000. Strive Asset Management LLC purchased a new stake in shares of AON during the 3rd quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of AON during the 3rd quarter worth about $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AON has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and set a $385.00 target price on shares of AON in a research note on Monday, February 2nd. Piper Sandler increased their target price on shares of AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. Citigroup raised their price target on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley decreased their price target on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, AON has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.

AON Trading Down 0.8%

Shares of AON stock opened at $315.63 on Friday. The firm has a market capitalization of $67.41 billion, a PE ratio of 17.32, a P/E/G ratio of 1.66 and a beta of 0.72. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The firm’s 50-day moving average price is $321.71 and its 200 day moving average price is $334.14. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last issued its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $5.67 EPS. On average, sell-side analysts predict that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s payout ratio is currently 16.36%.

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.