54,832 Shares of Aon plc $AON Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Aon plc (NYSE:AON) in the third quarter, HoldingsChannel reports. The fund purchased 54,832 shares of the financial services provider’s stock, valued at approximately $15,176,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in shares of AON by 11,179.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock valued at $1,114,313,000 after buying an additional 3,990,441 shares during the last quarter. Bank of America Corp DE boosted its position in AON by 16.3% during the first quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock worth $510,857,000 after acquiring an additional 222,092 shares during the last quarter. Amundi grew its stake in AON by 23.5% in the 1st quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after acquiring an additional 285,549 shares during the period. Dimensional Fund Advisors LP grew its stake in AON by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock worth $404,709,000 after acquiring an additional 213,051 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in AON by 74.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock valued at $257,391,000 after acquiring an additional 340,866 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lester Knight purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the acquisition, the director owned 163,000 shares in the company, valued at approximately $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Key AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: BMO Capital Markets upgraded AON from “market perform” to “outperform” and raised its price target to $380 from $319, signaling improved confidence in the shares. BMO Capital Markets stock recommendations
• Positive Sentiment: Aon and Munich Re launched a parametric pandemic-risk solution for Indonesia and the Philippines, extending Aon’s risk-transfer offerings in the region. Aon and Munich Re launch parametric pandemic solution
• Positive Sentiment: Aon leaders pointed to APAC insurance growth, rising demand for facultative reinsurance, and opportunities tied to emerging risks and protection gaps—potential avenues for future business. Aon’s Valera: APAC insurance growth Facultative demand rises across Asia
• Neutral Sentiment: Raymond James raised its rating from “underperform” to “market perform,” a less bearish stance but not an outright bullish recommendation. Raymond James upgrades Aon
• Negative Sentiment: UBS lowered its price target to $356 from $387 and maintained a “neutral” rating, indicating a more cautious view of AON’s valuation. UBS Group stock recommendations
• Negative Sentiment: Aon leaders noted that APAC markets are softening, which could weigh on near-term growth even as the company pursues profitable opportunities. Aon leaders outline path to profitable growth

AON Trading Down 1.0%

Shares of AON stock opened at $329.88 on Wednesday. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. Aon plc has a fifty-two week low of $266.33 and a fifty-two week high of $382.34. The firm’s 50 day moving average price is $301.16 and its two-hundred day moving average price is $325.95. The stock has a market cap of $69.99 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.75 and a beta of 0.63.

AON (NYSE:AON) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.06. AON had a net margin of 22.24% and a return on equity of 40.46%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business earned $3.05 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 18.55 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s dividend payout ratio is 17.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AON. Evercore lowered their price objective on AON from $423.00 to $375.00 in a research report on Thursday, October 8th. The Goldman Sachs Group increased their target price on AON from $375.00 to $401.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Piper Sandler decreased their price target on AON from $391.00 to $349.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 1st. Weiss Ratings cut AON from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. Finally, Wolfe Research downgraded shares of AON from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $369.12.

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.