Maryland State Retirement & Pension System Has $3.64 Million Stock Holdings in Aon plc $AON

Maryland State Retirement & Pension System raised its holdings in Aon plc (NYSE:AON) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,205 shares of the financial services provider’s stock after acquiring an additional 1,026 shares during the quarter. Maryland State Retirement & Pension System’s holdings in AON were worth $3,641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Relyea Zuckerberg Hanson LLC boosted its stake in shares of AON by 1.9% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 27 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in AON by 0.9% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after buying an additional 28 shares in the last quarter. Brighton Jones LLC lifted its position in AON by 0.4% during the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock worth $2,916,000 after buying an additional 29 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after buying an additional 29 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after buying an additional 30 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock opened at $360.52 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $77.74 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The stock has a 50-day moving average of $364.28 and a 200-day moving average of $363.26. Aon plc has a one year low of $323.73 and a one year high of $412.97.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 EPS. As a group, sell-side analysts expect that Aon plc will post 17.21 earnings per share for the current year.

Wall Street Analyst Weigh In

AON has been the topic of several research reports. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. TD Cowen reduced their price target on shares of AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Barclays reissued an “overweight” rating and set a $420.00 price objective (up from $401.00) on shares of AON in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

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.