Elo Mutual Pension Insurance Co Has $9.71 Million Stock Position in Aon plc $AON

Elo Mutual Pension Insurance Co lifted its stake in shares of Aon plc (NYSE:AON) by 39.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,243 shares of the financial services provider’s stock after buying an additional 7,699 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AON were worth $9,714,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AON. Westside Investment Management Inc. grew its position in AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in shares of AON during the third quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new stake in shares of AON during the second quarter worth about $31,000. Salomon & Ludwin LLC bought a new position in AON in the 3rd quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of AON during the second quarter worth $37,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AON. Mizuho raised AON from a “neutral” rating to an “outperform” rating and set a $397.00 target price for the company in a research report on Friday. Keefe, Bruyette & Woods upped their target price on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Barclays upped their price objective on shares of AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, TD Cowen reduced their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $408.94.

AON Stock Performance

Shares of AON stock opened at $335.11 on Monday. 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 firm has a 50-day moving average of $339.27 and a 200-day moving average of $349.06. Aon plc has a one year low of $304.59 and a one year high of $412.97. The company has a market cap of $71.80 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.77 and a beta of 0.82.

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

AON Dividend Announcement

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

Insider Buying and Selling at AON

In related news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the transaction, the general counsel directly owned 20,254 shares of the company’s stock, valued at approximately $6,598,550.66. The trade was a 19.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lester B. Knight acquired 4,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the transaction, the director owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. This trade represents a 2.88% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

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.