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 lessened its holdings in Aon plc (NYSE:AON) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Other large investors have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its holdings in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC raised 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 last quarter. Centricity Wealth Management LLC bought a new position in AON during the 4th quarter worth approximately $39,000. Finally, Kestra Investment Management LLC bought a new position in AON during the 4th quarter worth approximately $39,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $393.10 on Friday. The company has a fifty day simple moving average of $384.60 and a 200 day simple moving average of $370.09. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. 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 has a market cap of $84.91 billion, a P/E ratio of 31.05, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 prior year, the company posted $3.89 earnings per share. Sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is 21.33%.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Royal Bank of Canada raised their price target on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $386.21.

About AON

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.