Public Employees Retirement System of Ohio Sells 4,801 Shares of Aon plc (NYSE:AON)

Public Employees Retirement System of Ohio reduced its stake in shares of Aon plc (NYSE:AON - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% in the fourth 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 in the last quarter. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at about $32,000. Centricity Wealth Management LLC acquired a new stake in AON in the fourth quarter valued at about $39,000. Kestra Investment Management LLC acquired a new stake in AON in the fourth quarter valued at about $39,000. Finally, R Squared Ltd acquired a new stake in AON in the fourth quarter valued at about $43,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays dropped their target price on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group increased their target price on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic upgraded AON to a "hold" rating in a research report on Tuesday, March 25th. Piper Sandler upgraded 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 research report on Monday, April 28th. Finally, Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $397.27.

AON Trading Down 1.1%

AON traded down $4.07 during trading on Wednesday, hitting $360.99. The company's stock had a trading volume of 832,432 shares, compared to its average volume of 1,196,163. Aon plc has a twelve month low of $275.07 and a twelve month 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 stock's fifty day moving average price is $368.27 and its 200-day moving average price is $374.48. The firm has a market capitalization of $77.95 billion, a P/E ratio of 28.51, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the firm posted $5.66 earnings per share. Analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently disclosed 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 an increase from AON's previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. 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.