Mitsubishi UFJ Trust & Banking Corp Purchases 7,582 Shares of Aon plc (NYSE:AON)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Aon plc (NYSE:AON) by 6.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 121,202 shares of the financial services provider’s stock after acquiring an additional 7,582 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AON were worth $43,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after buying an additional 390,017 shares in the last quarter. Bank of New York Mellon Corp grew its stake in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in AON by 28.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock worth $448,137,000 after acquiring an additional 275,525 shares during the period. Finally, Boston Partners lifted its stake in AON by 13.7% in the 4th quarter. Boston Partners now owns 2,035,998 shares of the financial services provider’s stock worth $731,799,000 after purchasing an additional 244,706 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $396.29 on Thursday. The firm has a market cap of $85.60 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.12 and a beta of 0.92. The company has a 50-day simple moving average of $387.55 and a two-hundred day simple moving average of $371.56. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the company posted $3.89 EPS. On average, equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is 21.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.21.

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.