Meiji Yasuda Asset Management Co Ltd. Sells 261 Shares of Aon plc (NYSE:AON)

Meiji Yasuda Asset Management Co Ltd. reduced its stake in Aon plc (NYSE:AON) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,687 shares of the financial services provider’s stock after selling 261 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in AON were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of AON in the 4th quarter worth about $32,000. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in AON in the 4th quarter worth approximately $39,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

Shares of AON stock opened at $396.29 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a fifty day moving average of $387.55 and a 200 day moving average of $371.56. The firm has a market capitalization of $85.60 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business posted $3.89 EPS. As a group, research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Piper Sandler increased their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.