Public Employees Retirement System of Ohio Lowers Holdings in Aon plc (NYSE:AON)

Public Employees Retirement System of Ohio lessened its stake in shares of Aon plc (NYSE:AON - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,107 shares of the financial services provider's stock after selling 4,801 shares during the quarter. Public Employees Retirement System of Ohio's holdings in AON were worth $30,567,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AON. Atomi Financial Group Inc. boosted its position in AON by 43.4% during the 4th quarter. Atomi Financial Group Inc. now owns 1,816 shares of the financial services provider's stock valued at $652,000 after acquiring an additional 550 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of AON by 4.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,026 shares of the financial services provider's stock valued at $368,000 after purchasing an additional 48 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of AON during the 4th quarter valued at $297,000. Curated Wealth Partners LLC purchased a new stake in shares of AON during the 4th quarter valued at $942,000. Finally, Insight Inv LLC purchased a new stake in shares of AON during the 4th quarter valued at $214,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

AON has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Evercore ISI reduced their target price on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group raised their target price on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods reduced their target price on AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Piper Sandler upgraded AON from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $384.00 to $378.00 in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $397.27.

AON Price Performance

Shares of NYSE:AON traded up $8.57 during trading on Tuesday, reaching $365.11. 1,076,857 shares of the company's stock traded hands, compared to its average volume of 1,197,618. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $78.84 billion, a PE ratio of 28.84, a P/E/G ratio of 2.12 and a beta of 0.89. The company has a 50-day simple moving average of $368.83 and a 200-day simple moving average of $374.55.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the firm posted $5.66 earnings per share. The company's quarterly revenue was up 16.2% on a year-over-year basis. As a group, analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, May 1st. AON's payout ratio is currently 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.