Public Employees Retirement Association of Colorado Sells 889 Shares of Aon plc (NYSE:AON)

Public Employees Retirement Association of Colorado cut its stake in shares of Aon plc (NYSE:AON) by 3.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,232 shares of the financial services provider’s stock after selling 889 shares during the period. Public Employees Retirement Association of Colorado’s holdings in AON were worth $9,421,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AON. Endeavor Private Wealth Inc. bought a new stake in shares of AON during the 4th quarter worth $29,000. Richardson Financial Services Inc. increased its holdings in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in AON in the 4th quarter worth about $32,000. Anchor Investment Management LLC increased its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in AON in the 4th quarter worth about $39,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AON. Jefferies Financial Group lifted their price objective on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Redburn Partners set a $445.00 target price on AON in a report on Tuesday, March 25th. Evercore ISI reduced their target price on AON from $420.00 to $398.00 and set an “outperform” rating for the company in a report on Monday. Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus target price of $392.00.

AON Price Performance

AON stock opened at $343.63 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 52 week low of $275.07 and a 52 week high of $412.97. The firm’s fifty day moving average is $385.51 and its 200 day moving average is $375.83. The firm has a market cap of $74.22 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last released its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the business posted $5.66 EPS. AON’s revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio (DPR) is 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.