Mufg Securities Americas Inc. Acquires 957 Shares of Aon plc $AON

Mufg Securities Americas Inc. boosted its stake in shares of Aon plc (NYSE:AON) by 25.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,786 shares of the financial services provider’s stock after buying an additional 957 shares during the quarter. Mufg Securities Americas Inc.’s holdings in AON were worth $1,707,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in AON by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after purchasing an additional 511,292 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AON by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock valued at $1,987,961,000 after purchasing an additional 173,722 shares during the period. Bank of New York Mellon Corp raised its position in shares of AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after purchasing an additional 473,594 shares during the period. Polen Capital Management LLC boosted its holdings in AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after buying an additional 2,288,397 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in AON by 13.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after buying an additional 316,333 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of NYSE:AON opened at $346.58 on Friday. The firm has a fifty day simple moving average of $349.72 and a two-hundred day simple moving average of $357.32. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $74.49 billion, a P/E ratio of 29.03, a PEG ratio of 1.92 and a beta of 0.86.

AON (NYSE:AON) last announced its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 EPS. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s dividend payout ratio is presently 23.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AON shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a report on Wednesday. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Wolfe Research started coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. UBS Group cut their price objective on AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Wells Fargo & Company decreased their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.56.

AON Company 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.