The Manufacturers Life Insurance Company Purchases 130,434 Shares of Aon plc (NYSE:AON)

The Manufacturers Life Insurance Company increased its holdings in shares of Aon plc (NYSE:AON) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 988,985 shares of the financial services provider’s stock after buying an additional 130,434 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in AON were worth $355,204,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of AON in the fourth quarter valued at approximately $37,787,000. Coldstream Capital Management Inc. boosted its stake in AON by 4.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,894 shares of the financial services provider’s stock worth $2,117,000 after purchasing an additional 238 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of AON by 4.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 239,151 shares of the financial services provider’s stock valued at $85,893,000 after purchasing an additional 9,693 shares during the period. Hancock Whitney Corp boosted its position in AON by 105.3% during the 4th quarter. Hancock Whitney Corp now owns 1,819 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 933 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of AON by 69.4% in the fourth quarter. Voya Investment Management LLC now owns 603,736 shares of the financial services provider’s stock valued at $216,838,000 after purchasing an additional 247,349 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 7.8 %

Shares of NYSE:AON opened at $336.45 on Monday. The business’s 50 day simple moving average is $386.53 and its 200 day simple moving average is $375.91. Aon plc has a 1 year low of $275.07 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $72.67 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts’ consensus estimates of $6.04 by ($0.37). The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. On average, research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from AON’s previous quarterly dividend of $0.68. AON’s payout ratio is 25.38%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a research report on Friday, April 11th. 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. Barclays decreased their price objective on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company upped their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler upgraded AON from a “neutral” rating to an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $393.87.

AON 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.