Tokio Marine Asset Management Co. Ltd. Purchases 125 Shares of Aon plc (NYSE:AON)

Tokio Marine Asset Management Co. Ltd. boosted its stake in Aon plc (NYSE:AON) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,318 shares of the financial services provider’s stock after purchasing an additional 125 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in AON were worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AON. Fiera Capital Corp lifted its stake in shares of AON by 410.9% during the 3rd quarter. Fiera Capital Corp now owns 654,446 shares of the financial services provider’s stock valued at $212,184,000 after buying an additional 526,353 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in AON by 61.5% in the 3rd quarter. OMERS ADMINISTRATION Corp now owns 602,637 shares of the financial services provider’s stock worth $195,387,000 after acquiring an additional 229,500 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AON by 5,151.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 227,445 shares of the financial services provider’s stock worth $73,742,000 after purchasing an additional 223,114 shares during the period. James Hambro & Partners purchased a new stake in AON during the third quarter valued at approximately $66,035,000. Finally, Mackenzie Financial Corp lifted its position in AON by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after acquiring an additional 179,238 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, February 5th. UBS Group cut their price objective on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Morgan Stanley increased their price objective on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their price objective on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler raised their price target on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, AON has an average rating of “Hold” and a consensus target price of $334.69.

Insider Activity at AON

In other news, CFO Christa Davies sold 20,618 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the sale, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at $49,690,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AON news, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were bought at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Christa Davies sold 20,618 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,690,098. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is owned by corporate insiders.

AON Stock Down 9.9 %

Shares of AON traded down $30.44 during mid-day trading on Friday, reaching $275.56. 480,714 shares of the stock traded hands, compared to its average volume of 981,351. The stock has a fifty day simple moving average of $317.61 and a 200 day simple moving average of $314.43. The firm has a market cap of $54.70 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.87 and a beta of 0.86. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the firm posted $3.89 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 15.82 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.98%. AON’s dividend payout ratio is currently 19.71%.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.