Mitsubishi UFJ Asset Management Co. Ltd. Has $650.20 Million Position in Aon plc $AON

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in Aon plc (NYSE:AON) by 32.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,823,442 shares of the financial services provider’s stock after selling 883,462 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.85% of AON worth $650,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Silver Lake Advisory LLC bought a new stake in AON in the third quarter valued at $1,292,000. Callan Family Office LLC increased its position in AON by 220.7% in the 3rd quarter. Callan Family Office LLC now owns 11,675 shares of the financial services provider’s stock valued at $4,163,000 after buying an additional 8,034 shares in the last quarter. Caprock Group LLC acquired a new position in AON during the 3rd quarter worth approximately $1,752,000. Veritas Asset Management LLP boosted its holdings in AON by 19.3% in the third quarter. Veritas Asset Management LLP now owns 2,053,673 shares of the financial services provider’s stock worth $732,299,000 after acquiring an additional 332,685 shares in the last quarter. Finally, National Pension Service grew its stake in AON by 1.0% in the third quarter. National Pension Service now owns 420,423 shares of the financial services provider’s stock valued at $149,914,000 after acquiring an additional 3,962 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at AON

In other news, Director Lester B. Knight acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was bought at an average price of $319.24 per share, with a total value of $1,276,960.00. Following the acquisition, the director owned 143,000 shares in the company, valued at $45,651,320. The trade was a 2.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the transaction, the general counsel owned 20,254 shares of the company’s stock, valued at $6,598,550.66. This represents a 19.93% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AON shares. Mizuho set a $398.00 price target on shares of AON in a research report on Tuesday, February 3rd. UBS Group reissued a “neutral” rating and set a $385.00 target price on shares of AON in a research report on Monday, February 2nd. TD Cowen cut their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Roth Mkm restated a “buy” rating and issued a $390.00 target price on shares of AON in a report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, AON presently has an average rating of “Moderate Buy” and an average target price of $409.75.

AON Stock Up 1.7%

Shares of NYSE:AON opened at $324.90 on Thursday. The company has a market capitalization of $69.61 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. Aon plc has a 1 year low of $304.59 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 2.03. The business has a fifty day moving average price of $340.03 and a two-hundred day moving average price of $349.68.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.75 by $0.10. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.42 earnings per share. Analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. AON’s payout ratio is 17.51%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.