Mirae Asset Global Investments Co. Ltd. Buys 5,682 Shares of Aon plc (NYSE:AON)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Aon plc (NYSE:AON) by 35.3% in the fourth quarter, HoldingsChannel reports. The firm owned 21,776 shares of the financial services provider’s stock after buying an additional 5,682 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AON were worth $7,821,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. purchased a new stake in AON during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its position in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services purchased a new position in AON during the 3rd quarter worth $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in AON during the 3rd quarter valued at about $42,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.5 %

AON opened at $386.68 on Friday. The business has a 50 day simple moving average of $365.42 and a 200-day simple moving average of $356.00. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The stock has a market capitalization of $83.63 billion, a P/E ratio of 30.54, a P/E/G ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business posted $3.89 earnings per share. On average, equities analysts anticipate that Aon plc will post 17.39 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AON. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays raised their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets boosted their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $386.21.

Insiders Place Their Bets

In other AON news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About AON

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.