Mufg Securities Americas Inc. Buys New Holdings in Aon plc (NYSE:AON)

Mufg Securities Americas Inc. purchased a new stake in Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,193 shares of the financial services provider's stock, valued at approximately $1,147,000.

Other large investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock valued at $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of AON in the 4th quarter valued at $32,000. Centricity Wealth Management LLC bought a new stake in shares of AON in the 4th quarter valued at $39,000. Finally, Kestra Investment Management LLC bought a new stake in shares of AON in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Ratings Changes

AON has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 price objective on shares of AON in a research report on Tuesday, March 25th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $384.00 to $378.00 in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, AON has an average rating of "Hold" and an average price target of $391.75.

AON Stock Up 1.0%

Shares of NYSE AON traded up $3.51 during mid-day trading on Friday, hitting $362.10. The company had a trading volume of 1,096,937 shares, compared to its average volume of 1,207,441. The company has a market capitalization of $78.19 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89. The firm has a 50-day simple moving average of $372.99 and a two-hundred day simple moving average of $375.11. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a one year low of $275.07 and a one year high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON's revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.66 EPS. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.745 dividend. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.82%. The ex-dividend date 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.