Mitsubishi UFJ Asset Management Co. Ltd. Has $824.50 Million Holdings in Aon plc (NYSE:AON)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Aon plc (NYSE:AON) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,329,221 shares of the financial services provider’s stock after purchasing an additional 64,720 shares during the period. AON comprises about 0.8% of Mitsubishi UFJ Asset Management Co. Ltd.’s holdings, making the stock its 20th largest position. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 1.08% of AON worth $824,498,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AON. V Square Quantitative Management LLC raised its position in shares of AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after acquiring an additional 33 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 33 shares during the last quarter. Finally, Sandy Cove Advisors LLC increased its stake in shares of AON by 3.5% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 34 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

AON Price Performance

Shares of NYSE AON 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 firm has a fifty day simple moving average of $387.55 and a 200 day simple moving average of $371.56. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97. The company has a market capitalization of $85.60 billion, a PE ratio of 31.30, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) 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 in the prior year, the firm posted $3.89 EPS. On average, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON’s payout ratio is 21.33%.

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.