Mirae Asset Boosts Aon Holdings 11.1%; BNY Mellon Raises Stake to $1.325B
Mirae Asset grew its Aon plc stake by 11.1% to 31,043 shares—worth $11.07M—after adding 3,100 shares in Q3. Bank of New York Mellon raised its position by 5.9% to 3.715M shares valued at $1.325B, contributing to institutional ownership of 86.14%.
1. Mirae Asset Increases Aon Stake by 11.1%
According to its latest 13F filing with the SEC, Mirae Asset Global Investments Co. Ltd. raised its holdings in Aon plc by 11.1% during the third quarter, acquiring an additional 3,100 shares to bring its total to 31,043 shares. The new position carried a reported valuation of $11.07 million at the end of the period. This incremental purchase underscores Mirae Asset’s confidence in Aon’s long-term growth trajectory within the risk and insurance advisory sector.
2. Other Institutional Investors Adjust Positions
Several major institutions also modified their stakes in Aon during the same quarter. Bank of New York Mellon Corp. added 207,690 shares, lifting its total to 3,715,346 shares valued at $1.32 billion. Federated Hermes Inc. increased its holding by 48.5%, to 943 shares worth $336,000, while Phoenix Financial Ltd. nearly doubled its stake with a 98.6% gain to 6,243 shares valued at $2.23 million. Vanguard Personalized Indexing Management LLC and One Wealth Advisors LLC raised their positions by 3.8% and 10.9%, respectively, bringing their totals to 27,565 shares ($9.83 million) and 793 shares ($283,000). Overall, institutional ownership stands at 86.14% of Aon’s outstanding shares.
3. Q4 Earnings Show Margin Expansion and Revenue Growth
In its fourth quarter report, Aon delivered adjusted earnings per share of $4.85, surpassing consensus estimates by $0.10 and representing a year-over-year increase from $4.42. Quarterly revenue reached $4.30 billion, marking 3.7% growth compared with the same period last year, though slightly below analysts’ forecasts of $4.38 billion. The company achieved a net margin of 15.96% and a return on equity of 48.88%, driven by efficiency gains in its restructuring initiatives and strong retention in its global broking operations.
4. Dividend Increase and Analyst Consensus
Aon declared a quarterly dividend of $0.745 per share, payable February 13 to shareholders of record as of February 2, implying an annualized payout of $2.98 and a yield near 0.9%. The dividend payout ratio stands at 23.88%. On the analyst front, twelve research firms maintain Buy ratings while seven recommend Hold, resulting in an average consensus rating of Moderate Buy and an average price objective of $408.47. Recent target adjustments include Mizuho’s $387 objective and TD Cowen’s $416 forecast, reflecting confidence in Aon’s earnings power and capital return strategy.