State of Tennessee Department of Treasury Has $44.12 Million Stake in Aon plc (NYSE:AON)

State of Tennessee Department of Treasury raised its position in shares of Aon plc (NYSE:AON - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,848 shares of the financial services provider's stock after acquiring an additional 16,399 shares during the period. State of Tennessee Department of Treasury owned approximately 0.06% of AON worth $44,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock worth $444,563,000 after acquiring an additional 31,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AON by 27.7% during the fourth 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 stake in shares of AON by 19.0% during the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock valued at $91,859,000 after purchasing an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after purchasing an additional 1,451 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of AON by 43,000.8% during the fourth 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 during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. Finally, Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $393.87.

AON Stock Performance

Shares of NYSE AON traded down $28.60 during midday trading on Friday, reaching $336.45. 5,317,653 shares of the company traded hands, compared to its average volume of 1,240,982. Aon plc has a 52 week low of $275.07 and a 52 week high of $412.97. The stock has a 50-day moving average price of $386.53 and a 200 day moving average price of $375.91. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $72.67 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. Sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, May 1st. This is a positive change from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.89%. AON's dividend payout ratio (DPR) 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.