New York State Common Retirement Fund Purchases 38,277 Shares of Aon plc (NYSE:AON)

New York State Common Retirement Fund lifted its holdings in Aon plc (NYSE:AON - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 319,778 shares of the financial services provider's stock after buying an additional 38,277 shares during the period. New York State Common Retirement Fund owned about 0.15% of AON worth $127,620,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Portside Wealth Group LLC increased its holdings in shares of AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares during the last quarter. Aviva PLC increased its holdings in shares of 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 buying an additional 40,850 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after buying an additional 6,038 shares during the last quarter. Ninety One North America Inc. increased its holdings in shares of AON by 64.4% in the 1st quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after buying an additional 2,932 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of AON by 425.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after buying an additional 1,544 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Redburn Partners set a $445.00 price target on shares of AON in a research note on Tuesday, March 25th. The Goldman Sachs Group raised 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. Jefferies Financial Group lifted their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Piper Sandler raised shares of AON from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. Finally, Evercore ISI dropped their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, AON currently has an average rating of "Hold" and an average price target of $403.00.

AON Trading Down 0.9%

AON stock traded down $3.15 during trading hours on Friday, hitting $355.85. The company had a trading volume of 857,263 shares, compared to its average volume of 1,164,048. The company has a 50-day moving average price of $358.19 and a two-hundred day moving average price of $370.67. Aon plc has a 1 year low of $295.79 and a 1 year high of $412.97. The firm has a market cap of $76.84 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73.

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

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.84%. AON's payout ratio is presently 25.38%.

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.