Elo Mutual Pension Insurance Co Sells 743 Shares of Aon plc (NYSE:AON)

Elo Mutual Pension Insurance Co trimmed its position in shares of Aon plc (NYSE:AON) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,842 shares of the financial services provider’s stock after selling 743 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in AON were worth $6,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Vanguard Group Inc. boosted its position in AON by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock worth $7,010,714,000 after purchasing an additional 88,361 shares during the last quarter. State Street Corp lifted its stake in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after buying an additional 38,447 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 buying an additional 343,592 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in AON by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock worth $824,498,000 after acquiring an additional 64,720 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $386.21.

AON Stock Performance

Shares of NYSE AON opened at $398.67 on Friday. The firm’s fifty day moving average is $388.16 and its two-hundred day moving average is $371.75. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a market cap of $86.11 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

AON (NYSE:AON) last posted its 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 prior year, the company earned $3.89 EPS. As a group, analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

AON Company 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.