Mitsubishi UFJ Trust & Banking Corp Acquires 7,582 Shares of Aon plc (NYSE:AON)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Aon plc (NYSE:AON) by 6.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 121,202 shares of the financial services provider’s stock after acquiring an additional 7,582 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of AON worth $43,531,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider’s stock valued at $444,563,000 after acquiring an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AON by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider’s stock valued at $34,676,000 after purchasing an additional 20,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock worth $9,530,000 after buying an additional 1,451 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after buying an additional 390,017 shares during the period. Finally, State Street Corp grew its holdings in AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

AON opened at $396.29 on Thursday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The firm’s fifty day moving average price is $387.55 and its two-hundred day moving average price is $371.56. Aon plc has a 1 year low of $268.06 and a 1 year high of $412.97. The company has a market capitalization of $85.60 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping 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 previous year, the company posted $3.89 EPS. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

AON has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.