Kentucky Retirement Systems Sells 1,251 Shares of Aon plc (NYSE:AON)

Kentucky Retirement Systems reduced its stake in shares of Aon plc (NYSE:AON) by 7.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 15,134 shares of the financial services provider’s stock after selling 1,251 shares during the period. Kentucky Retirement Systems’ holdings in AON were worth $5,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new position in shares of AON during the second quarter worth approximately $31,000. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter valued at $37,000. Eastern Bank purchased a new position in AON in the 3rd quarter worth $43,000. Nemes Rush Group LLC bought a new stake in AON in the second quarter worth $45,000. Finally, LRI Investments LLC bought a new position in shares of AON during the first quarter valued at about $55,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Up 0.8 %

Shares of AON stock opened at $379.29 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $389.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company has a 50-day moving average of $359.12 and a 200 day moving average of $324.19. The firm has a market cap of $82.03 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.38 and a beta of 0.91.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON’s payout ratio is 22.78%.

Wall Street Analyst Weigh In

AON has been the subject of several analyst reports. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. TD Cowen raised their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price objective on shares of AON in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $359.19.

About AON

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.