Aon plc $AON Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Aon plc (NYSE:AONFree Report) by 1.5% in the second quarter, Holdings Channel reports. The fund owned 24,763 shares of the financial services provider’s stock after selling 388 shares during the period. Mutual of America Capital Management LLC’s holdings in AON were worth $8,834,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock valued at $7,893,382,000 after acquiring an additional 258,699 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after buying an additional 469,238 shares during the period. Polen Capital Management LLC grew its stake in shares of 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 valued at $1,200,350,000 after buying an additional 2,288,397 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AON by 2.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock valued at $954,053,000 after buying an additional 61,350 shares during the period. Finally, Northern Trust Corp grew its stake in shares of AON by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock valued at $914,163,000 after buying an additional 131,676 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON opened at $346.74 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $74.77 billion, a P/E ratio of 29.04, a PEG ratio of 2.04 and a beta of 0.89. The company has a 50 day moving average price of $363.26 and a 200 day moving average price of $360.97. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

AON (NYSE:AONGet Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the company posted $2.93 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Finally, Evercore ISI increased their price target on shares of AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

Check Out Our Latest Stock Analysis on AON

AON Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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