Ilmarinen Mutual Pension Insurance Co Makes New Investment in Aon plc (NYSE:AON)

Ilmarinen Mutual Pension Insurance Co bought a new stake in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,372 shares of the financial services provider’s stock, valued at approximately $9,472,000.

Other large investors also recently made changes to their positions in the company. Aviva PLC lifted its position in shares of AON by 19.0% during the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider’s stock worth $91,859,000 after buying an additional 40,850 shares in the last quarter. Prudential PLC lifted its holdings in AON by 89.8% during the fourth quarter. Prudential PLC now owns 7,376 shares of the financial services provider’s stock worth $2,649,000 after acquiring an additional 3,489 shares during the period. Motley Fool Asset Management LLC boosted its position in AON by 6.1% in the fourth quarter. Motley Fool Asset Management LLC now owns 31,672 shares of the financial services provider’s stock worth $11,375,000 after purchasing an additional 1,830 shares during the last quarter. World Investment Advisors grew its stake in AON by 212.9% in the 4th quarter. World Investment Advisors now owns 2,491 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 1,695 shares during the period. Finally, Huntington National Bank raised its stake in shares of AON by 2.7% during the 4th quarter. Huntington National Bank now owns 4,289 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 114 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Stock Down 4.7 %

Shares of NYSE:AON opened at $375.94 on Friday. The firm has a fifty day moving average price of $391.32 and a two-hundred day moving average price of $373.76. The company has a market cap of $81.20 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. Aon plc has a one year low of $268.06 and a one year high of $412.97.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the previous year, the business earned $3.89 earnings per share. Analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.72%. AON’s payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

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