Oregon Public Employees Retirement Fund Sells 40 Shares of Aon plc (NYSE:AON)

Oregon Public Employees Retirement Fund cut its stake in Aon plc (NYSE:AON) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,542 shares of the financial services provider’s stock after selling 40 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AON were worth $6,660,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares during the last quarter. Veritas Asset Management LLP boosted its holdings in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in AON by 15.6% in the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after acquiring an additional 177,956 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AON shares. BMO Capital Markets increased their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Barclays upped their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Finally, Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given 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 $386.21.

AON Trading Up 0.3 %

NYSE AON opened at $398.74 on Thursday. The firm has a market capitalization of $86.13 billion, a P/E ratio of 31.50, a PEG ratio of 2.12 and a beta of 0.93. The business has a fifty day simple moving average of $370.87 and a 200 day simple moving average of $363.26. Aon plc has a 12 month low of $268.06 and a 12 month high of $400.22. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the firm posted $3.89 earnings per share. On average, analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

About AON

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.