Board of the Pension Protection Fund Makes New $359,000 Investment in Aon plc (NYSE:AON)

Board of the Pension Protection Fund acquired a new stake in shares of Aon plc (NYSE:AON - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 900 shares of the financial services provider's stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AON. Portside Wealth Group LLC increased its stake in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after buying an additional 9,302 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AON by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after acquiring an additional 31,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AON by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock valued at $34,676,000 after purchasing an additional 20,942 shares during the period. Aviva PLC raised its holdings in AON by 19.0% in the 4th quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after purchasing an additional 40,850 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AON. Barclays cut their price objective on AON from $430.00 to $415.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Evercore ISI decreased their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $384.00 to $378.00 in a report on Monday, April 28th. Finally, The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $397.27.

AON Trading Down 0.2%

Shares of AON opened at $353.88 on Friday. Aon plc has a 1 year low of $288.50 and a 1 year high of $412.97. The company has a 50 day simple moving average of $358.37 and a two-hundred day simple moving average of $370.91. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $76.42 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the prior year, the company posted $5.66 earnings per share. The firm's revenue was up 16.2% compared to the same quarter last year. On average, equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON's dividend payout ratio is currently 25.38%.

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.

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