Aon plc $AON Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Aon plc by 10.0%, adding 2,117 shares during the first quarter, bringing its total holding to 23,329 shares valued at approximately $9.31 million.
• Multiple institutional investors, including Vanguard Group Inc. and Polen Capital Management LLC, have also raised their stakes in Aon, contributing to an overall 86.14% institutional ownership of the company.
• Aon plc recently reported earnings of $3.49 per share for the last quarter, exceeding analysts' expectations and reflecting a 10.5% year-over-year revenue increase.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 10.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,329 shares of the financial services provider's stock after buying an additional 2,117 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in AON were worth $9,310,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its position in AON by 44.5% in the first quarter. Integrated Wealth Concepts LLC now owns 7,848 shares of the financial services provider's stock valued at $3,132,000 after purchasing an additional 2,418 shares during the period. Hancock Whitney Corp raised its position in AON by 9.3% in the first quarter. Hancock Whitney Corp now owns 1,989 shares of the financial services provider's stock valued at $794,000 after purchasing an additional 170 shares during the period. Amundi raised its position in AON by 11.9% in the first quarter. Amundi now owns 831,877 shares of the financial services provider's stock valued at $328,001,000 after purchasing an additional 88,212 shares during the period. Aprio Wealth Management LLC purchased a new stake in AON in the first quarter valued at $220,000. Finally, Adage Capital Partners GP L.L.C. raised its position in AON by 85.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 170,969 shares of the financial services provider's stock valued at $68,232,000 after purchasing an additional 78,900 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AON. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $385.00 to $430.00 in a report on Thursday. Piper Sandler boosted their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They issued a "neutral" rating and a $402.00 price objective on the stock. Evercore ISI boosted their price objective on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Barclays reiterated an "overweight" rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $415.50.

AON Stock Down 0.0%

NYSE AON traded down $0.13 during trading hours on Friday, hitting $372.12. 844,376 shares of the company were exchanged, compared to its average volume of 1,022,671. The company has a 50 day moving average of $363.54 and a two-hundred day moving average of $368.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market cap of $80.24 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.21 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share 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 the consensus estimate of $4.16 billion. During the same quarter in the prior year, the business earned $2.93 EPS. AON's revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON's dividend payout ratio is currently 24.96%.

About AON

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.