Mizuho Securities USA LLC Has $7.36 Million Stake in Aon plc (NYSE:AON)

Mizuho Securities USA LLC boosted its stake in shares of Aon plc (NYSE:AON) by 45.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,497 shares of the financial services provider’s stock after buying an additional 6,410 shares during the quarter. Mizuho Securities USA LLC’s holdings in AON were worth $7,362,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. bought a new stake in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. lifted 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 worth $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of AON during the fourth quarter worth $32,000. Anchor Investment Management LLC raised its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in AON in the fourth quarter valued at $39,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $390.02 on Friday. The stock has a market cap of $84.24 billion, a price-to-earnings ratio of 30.81, a PEG 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 plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The firm’s 50-day simple moving average is $385.41 and its 200 day simple moving average is $370.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $3.89 EPS. As a group, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Analyst Ratings Changes

A number of analysts have weighed in on AON shares. Wells Fargo & Company increased their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $386.21.

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.