Mirae Asset Global Investments Co. Ltd. Acquires 54,832 Shares of Aon plc $AON

Key Points

• Mirae Asset Global Investments opened a position in Aon, acquiring 54,832 shares worth approximately $15.2 million in the third quarter.
• Aon beat quarterly earnings and revenue estimates, reporting EPS of $3.36 versus $3.30 expected and revenue of $4.10 billion; revenue rose 2.6% year over year.
• Analyst views are mixed: 13 rate the stock Buy, six Hold and three Sell, for an overall Hold rating and an average price target of $369.12.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Aon plc (NYSE:AON - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 54,832 shares of the financial services provider's stock, valued at approximately $15,176,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AON. Downshift Financial LLC raised its holdings in AON by 15,700.0% during the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider's stock worth $44,000 after purchasing an additional 157 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in AON in the 1st quarter valued at approximately $61,000. Ashurst Perkins Coie Trust Co acquired a new position in AON during the 3rd quarter worth approximately $60,000. Elevation Wealth Partners LLC increased its position in AON by 35.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 221 shares of the financial services provider's stock worth $73,000 after purchasing an additional 58 shares during the period. Finally, Basecamp Wealth Advisors LLC raised its stake in shares of AON by 25.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 235 shares of the financial services provider's stock worth $76,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity at AON

In other AON news, Director Lester Knight acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the purchase, the director owned 163,000 shares in the company, valued at approximately $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Mizuho decreased their price target on AON from $366.00 to $324.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 7th. JPMorgan Chase & Co. cut their price objective on AON from $412.00 to $362.00 and set an "overweight" rating for the company in a research report on Thursday, October 1st. Wall Street Zen downgraded AON from a "hold" rating to a "sell" rating in a report on Sunday, September 6th. Roth Capital set a $380.00 target price on shares of AON and gave the stock a "buy" rating in a research report on Tuesday, September 1st. Finally, BMO Capital Markets upgraded shares of AON from a "market perform" rating to an "outperform" rating and increased their price target for the company from $319.00 to $380.00 in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $369.12.

AON Stock Performance

Shares of AON stock opened at $329.88 on Wednesday. The stock has a fifty day moving average price of $301.16 and a 200 day moving average price of $325.95. The stock has a market cap of $69.99 billion, a PE ratio of 18.02, a P/E/G ratio of 1.75 and a beta of 0.63. Aon plc has a 1 year low of $266.33 and a 1 year high of $382.34. The company has a debt-to-equity ratio of 2.58, a quick ratio of 4.72 and a current ratio of 4.72.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $3.30 by $0.06. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. AON had a return on equity of 40.46% and a net margin of 22.24%. AON's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.05 earnings per share. Sell-side analysts forecast that Aon plc will post 18.55 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a $0.82 dividend. The ex-dividend date is Monday, November 2nd. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON's payout ratio is currently 17.96%.

Key Stories Impacting AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: BMO Capital Markets upgraded AON from “market perform” to “outperform” and raised its price target to $380 from $319, signaling improved confidence in the shares. BMO Capital Markets stock recommendations
• Positive Sentiment: Aon and Munich Re launched a parametric pandemic-risk solution for Indonesia and the Philippines, extending Aon’s risk-transfer offerings in the region. Aon and Munich Re launch parametric pandemic solution
• Positive Sentiment: Aon leaders pointed to APAC insurance growth, rising demand for facultative reinsurance, and opportunities tied to emerging risks and protection gaps—potential avenues for future business. Aon's Valera: APAC insurance growth Facultative demand rises across Asia
• Neutral Sentiment: Raymond James raised its rating from “underperform” to “market perform,” a less bearish stance but not an outright bullish recommendation. Raymond James upgrades Aon
• Negative Sentiment: UBS lowered its price target to $356 from $387 and maintained a “neutral” rating, indicating a more cautious view of AON’s valuation. UBS Group stock recommendations
• Negative Sentiment: Aon leaders noted that APAC markets are softening, which could weigh on near-term growth even as the company pursues profitable opportunities. Aon leaders outline path to profitable growth

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon's human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.

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