Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,306 Shares of Aon plc (NYSE:AON)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Aon plc (NYSE:AON) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,985 shares of the financial services provider’s stock after selling 1,306 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AON were worth $16,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Empowered Funds LLC boosted its holdings in shares of AON by 16.9% in the 3rd quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider’s stock worth $1,334,000 after buying an additional 558 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of AON by 8.7% in the 3rd quarter. Caprock Group LLC now owns 3,930 shares of the financial services provider’s stock worth $1,360,000 after buying an additional 316 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of AON by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 134,389 shares of the financial services provider’s stock worth $46,497,000 after buying an additional 551 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of AON by 23.1% in the 3rd quarter. Avior Wealth Management LLC now owns 320 shares of the financial services provider’s stock worth $111,000 after buying an additional 60 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of AON by 18.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 377 shares of the financial services provider’s stock worth $130,000 after buying an additional 58 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.7 %

AON stock opened at $393.10 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company’s 50 day moving average is $384.60 and its 200 day moving average is $370.09. The stock has a market cap of $84.91 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the business earned $3.89 EPS. Sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is currently 21.33%.

Analyst Ratings Changes

Several equities research analysts have commented on AON shares. Royal Bank of Canada upped their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Piper Sandler increased their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON Company 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.