Mirae Asset Global Investments Co. Ltd. Has $10.16 Million Position in Aon plc (NYSE:AON)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Aon plc (NYSE:AON - Free Report) by 16.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,454 shares of the financial services provider's stock after purchasing an additional 3,678 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in AON were worth $10,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its stake in shares of AON by 196.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,416 shares of the financial services provider's stock valued at $868,000 after buying an additional 1,600 shares in the last quarter. SVB Wealth LLC acquired a new stake in AON in the fourth quarter valued at $567,000. Fisher Asset Management LLC acquired a new position in shares of AON during the 4th quarter worth about $215,000. Smartleaf Asset Management LLC raised its holdings in shares of AON by 48.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,433 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 468 shares during the period. Finally, Norden Group LLC lifted its stake in AON by 12.1% in the 4th quarter. Norden Group LLC now owns 656 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 71 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $384.00 to $378.00 in a research note on Monday, April 28th. Evercore ISI reduced their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of AON from $414.00 to $409.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $397.27.

AON Price Performance

NYSE:AON traded up $3.54 during trading hours on Thursday, reaching $355.09. 639,103 shares of the company were exchanged, compared to its average volume of 1,158,100. The business has a 50 day moving average of $357.53 and a 200 day moving average of $370.71. Aon plc has a 1-year low of $292.37 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $76.68 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.13 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the business posted $5.66 EPS. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.84%. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. AON's dividend payout ratio (DPR) is 25.38%.

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.