Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in Aon plc $AON

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Aon plc (NYSE:AON) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,995 shares of the financial services provider’s stock after selling 1,785 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AON were worth $17,642,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AON. Westside Investment Management Inc. raised its holdings in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after buying an additional 35 shares during the last quarter. Wealth Watch Advisors INC purchased a new position in shares of AON during the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new position in shares of AON during the fourth quarter valued at approximately $30,000. Strive Asset Management LLC purchased a new position in shares of AON during the third quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of AON during the third quarter valued at approximately $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $398.00 to $397.00 in a report on Friday, February 27th. Cantor Fitzgerald boosted their price objective on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $408.00 price objective on shares of AON in a report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, AON has an average rating of “Moderate Buy” and a consensus price target of $396.81.

AON Stock Performance

Shares of NYSE AON opened at $315.63 on Monday. The firm has a 50 day moving average of $321.71 and a 200 day moving average of $334.07. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $67.41 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.71. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00.

AON (NYSE:AON) last announced its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.67 earnings per share. On average, research analysts anticipate that Aon plc will post 19.1 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio (DPR) is presently 16.36%.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.