California Public Employees Retirement System Grows Holdings in Aon plc (NYSE:AON)

California Public Employees Retirement System increased its position in Aon plc (NYSE:AON) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 854,806 shares of the financial services provider’s stock after buying an additional 11,475 shares during the period. California Public Employees Retirement System owned about 0.40% of AON worth $307,012,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. lifted its position in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the period. Millstone Evans Group LLC acquired a new stake in AON in the 4th quarter worth about $32,000. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 1.3 %

NYSE:AON opened at $394.22 on Friday. The stock has a market cap of $85.15 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50-day simple moving average is $388.72 and its 200 day simple moving average is $372.20.

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

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. AON’s payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AON. Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.