Aon plc (NYSE:AON) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in Aon plc (NYSE:AON) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,467 shares of the financial services provider’s stock after acquiring an additional 194 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AON were worth $1,964,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in shares of AON by 4.2% in the second quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock valued at $7,627,000 after purchasing an additional 1,036 shares during the period. Sanctuary Advisors LLC purchased a new stake in AON during the 2nd quarter worth about $4,867,000. Massmutual Trust Co. FSB ADV raised its stake in AON by 7.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 37 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in shares of AON during the 3rd quarter worth about $20,856,000. Finally, Czech National Bank grew its holdings in shares of AON by 6.8% during the third quarter. Czech National Bank now owns 44,254 shares of the financial services provider’s stock worth $15,311,000 after buying an additional 2,821 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $370.87.

AON Stock Down 0.2 %

Shares of NYSE AON opened at $371.39 on Monday. The stock has a fifty day moving average price of $366.35 and a 200 day moving average price of $354.12. The company has a market cap of $80.32 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.00 and a beta of 0.93. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 107.43% and a net margin of 16.32%. During the same quarter last year, the firm posted $3.89 EPS. Research analysts anticipate that Aon plc will post 15.43 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is 22.78%.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’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 value of $494,292.00. Following the sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents 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.

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.