MV Capital Management Inc. Buys New Shares in Aon plc $AON

MV Capital Management Inc. purchased a new stake in shares of Aon plc (NYSE:AON) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,513 shares of the financial services provider’s stock, valued at approximately $3,357,000.

Several other institutional investors have also recently made changes to their positions in AON. Wealth Watch Advisors INC acquired a new stake in shares of AON in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in AON during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. bought a new stake in AON during the fourth quarter worth $29,000. Eagle Bay Advisors LLC acquired a new stake in AON in the fourth quarter valued at $30,000. Finally, Strive Asset Management LLC bought a new position in shares of AON in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $318.50 on Friday. The stock has a market cap of $68.03 billion, a PE ratio of 17.48, a P/E/G ratio of 1.72 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a 50-day moving average of $322.93 and a 200-day moving average of $331.86. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.67 EPS. On average, sell-side analysts anticipate that Aon plc will post 19.09 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio is 18.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Piper Sandler lowered their price target on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group dropped their price objective on AON from $385.00 to $360.00 and set a “neutral” rating on the stock in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company reduced their target price on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, AON presently has an average rating of “Moderate Buy” and an average target price of $394.94.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.