Tokio Marine Asset Management Co. Ltd. Acquires 499 Shares of Aon plc (NYSE:AON)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Aon plc (NYSE:AON) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,273 shares of the financial services provider’s stock after buying an additional 499 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AON were worth $1,824,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AON. Empowered Funds LLC lifted its stake in shares of AON by 17.4% during the 1st quarter. Empowered Funds LLC now owns 2,915 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 432 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after buying an additional 38 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of AON by 1.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,004 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 51 shares in the last quarter. Intech Investment Management LLC boosted its stake in AON by 54.7% in the first quarter. Intech Investment Management LLC now owns 102,873 shares of the financial services provider’s stock valued at $34,331,000 after acquiring an additional 36,387 shares in the last quarter. Finally, Spirepoint Private Client LLC purchased a new position in AON in the first quarter worth $369,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 2.7 %

Shares of AON stock opened at $376.34 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $81.39 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.42 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21. The stock has a 50 day simple moving average of $357.95 and a 200-day simple moving average of $322.84.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, November 1st. AON’s payout ratio is 22.78%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Piper Sandler upped their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $359.19.

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.