Aon plc (NYSE:AON) Stock Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Aon plc (NYSE:AON - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,307 shares of the financial services provider's stock after selling 27,904 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of AON worth $97,872,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AON. BKM Wealth Management LLC purchased a new stake in shares of AON in the fourth quarter worth $25,000. Milestone Investment Advisors LLC acquired a new position in shares of AON during the 3rd quarter worth $30,000. Headlands Technologies LLC purchased a new stake in shares of AON during the 3rd quarter worth about $39,000. Bruce G. Allen Investments LLC bought a new stake in AON in the fourth quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AON during the fourth quarter valued at $43,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lisa Stevens sold 13,000 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The sale was disclosed in a document filed with the SEC, which is available at this link. In other AON news, insider Michael Neller sold 750 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 13,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares of the company's stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock valued at $23,335,805 in the last three months. 1.15% of the stock is currently owned by corporate insiders.

AON Trading Up 0.3 %

Shares of AON stock traded up $0.84 on Tuesday, reaching $311.86. The company had a trading volume of 612,285 shares, compared to its average volume of 988,758. Aon plc has a 12 month low of $284.85 and a 12 month high of $347.37. The company has a 50-day moving average of $317.79 and a 200-day moving average of $314.64. The stock has a market cap of $61.91 billion, a PE ratio of 25.04, a PEG ratio of 1.88 and a beta of 0.86.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18). The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.89 EPS. Sell-side analysts anticipate that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.675 per share. This is a positive change from AON's previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, April 30th. AON's dividend payout ratio is currently 19.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AON. JPMorgan Chase & Co. boosted their price target on AON from $318.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Morgan Stanley lifted their price target on shares of AON from $325.00 to $327.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. TD Cowen initiated coverage on shares of AON in a research report on Wednesday, January 10th. They issued an "outperform" rating and a $390.00 price target for the company. Keefe, Bruyette & Woods raised their price target on shares of AON from $294.00 to $312.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada reduced their price objective on shares of AON from $342.00 to $325.00 and set a "sector perform" rating for the company in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $334.69.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.