Elo Mutual Pension Insurance Co Decreases Stock Holdings in Aon plc (NYSE:AON)

Elo Mutual Pension Insurance Co lowered its position in shares of Aon plc (NYSE:AON) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,842 shares of the financial services provider’s stock after selling 743 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AON were worth $6,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Great Valley Advisor Group Inc. purchased a new position in AON during the 3rd quarter valued at about $288,000. FMR LLC increased its stake in shares of AON by 38.5% during the third quarter. FMR LLC now owns 628,956 shares of the financial services provider’s stock valued at $217,612,000 after buying an additional 174,838 shares during the period. Avestar Capital LLC bought a new position in shares of AON during the third quarter valued at approximately $290,000. Townsquare Capital LLC boosted its holdings in AON by 2.2% in the third quarter. Townsquare Capital LLC now owns 13,050 shares of the financial services provider’s stock valued at $4,515,000 after acquiring an additional 284 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in AON by 10.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 33,386 shares of the financial services provider’s stock valued at $11,551,000 after purchasing an additional 3,205 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $398.67 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $86.11 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company’s 50-day moving average is $388.16 and its 200 day moving average is $371.75.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate 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 company earned $3.89 earnings per share. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AON shares. Piper Sandler lifted their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on 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 AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $386.21.

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.