Asset Management One Co. Ltd. Boosts Stake in Aon plc $AON

Asset Management One Co. Ltd. increased its position in Aon plc (NYSE:AON) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 89,950 shares of the financial services provider’s stock after purchasing an additional 2,992 shares during the period. Asset Management One Co. Ltd.’s holdings in AON were worth $32,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock valued at $7,893,382,000 after purchasing an additional 258,699 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after purchasing an additional 469,238 shares during the last quarter. Polen Capital Management LLC lifted its holdings in shares of AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after purchasing an additional 2,288,397 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AON by 2.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock valued at $954,053,000 after purchasing an additional 61,350 shares during the last quarter. Finally, Northern Trust Corp raised its stake in AON by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock valued at $914,163,000 after acquiring an additional 131,676 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on AON shares. Wells Fargo & Company reduced their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Evercore ISI upped their price objective on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Barclays reaffirmed an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. TD Cowen reduced their price objective on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AON has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Performance

NYSE AON opened at $337.58 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average is $360.70 and its two-hundred day moving average is $360.19. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The stock has a market capitalization of $72.79 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.01 and a beta of 0.89.

AON (NYSE:AON) last released its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s payout ratio is presently 24.96%.

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.