Mutual of America Capital Management LLC Purchases 1,168 Shares of Aon plc (NYSE:AON)

Mutual of America Capital Management LLC boosted its position in Aon plc (NYSE:AON) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,418 shares of the financial services provider’s stock after acquiring an additional 1,168 shares during the period. Mutual of America Capital Management LLC’s holdings in AON were worth $8,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AON. Meritage Group LP bought a new stake in AON in the 1st quarter valued at about $258,471,000. Farallon Capital Management LLC bought a new stake in shares of AON during the first quarter valued at about $210,911,000. Bank of New York Mellon Corp increased its position in shares of AON by 37.8% during the second quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after buying an additional 548,563 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of AON by 32.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock valued at $648,663,000 after buying an additional 471,424 shares during the period. Finally, Fiducient Advisors LLC bought a new stake in shares of AON during the second quarter valued at about $109,327,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and upped their price target for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Morgan Stanley cut their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company boosted their price objective on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Stock Down 0.7 %

Shares of AON opened at $346.97 on Friday. The firm has a market cap of $75.38 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.26 and a beta of 0.92. The stock has a 50 day simple moving average of $329.77 and a two-hundred day simple moving average of $311.20. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a 1 year low of $268.06 and a 1 year high of $353.54.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company posted $2.76 EPS. On average, analysts forecast that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

About AON

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.