Elo Mutual Pension Insurance Co Has $4.92 Million Stock Position in Aon plc (NYSE:AON)

Elo Mutual Pension Insurance Co lowered its holdings in shares of Aon plc (NYSE:AON) by 8.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,751 shares of the financial services provider’s stock after selling 1,543 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AON were worth $4,918,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AON. Frazier Financial Advisors LLC acquired a new position in shares of AON during the 4th quarter worth $31,000. Y.D. More Investments Ltd acquired a new position in shares of AON during the 2nd quarter worth $31,000. Rise Advisors LLC acquired a new position in shares of AON during the 1st quarter worth $37,000. Bruce G. Allen Investments LLC raised its holdings in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of AON during the 1st quarter worth $55,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler upped their target price on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Barclays assumed coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price for the company. Wells Fargo & Company upped their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Finally, Morgan Stanley lowered their target price on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Stock Up 0.0 %

Shares of AON stock opened at $349.31 on Thursday. Aon plc has a one year low of $268.06 and a one year high of $353.54. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The stock’s 50-day moving average is $328.77 and its 200 day moving average is $310.95. The firm has a market cap of $75.88 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last announced its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the company earned $2.76 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities research analysts anticipate that Aon plc will post 15.23 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.77%. AON’s payout ratio is currently 21.16%.

AON 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.