Aon plc (NYSE:AON) Stock Position Raised by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in Aon plc (NYSE:AON) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 854,806 shares of the financial services provider’s stock after acquiring an additional 11,475 shares during the period. California Public Employees Retirement System’s holdings in AON were worth $307,012,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in AON in the fourth quarter valued at $596,665,000. Artisan Partners Limited Partnership lifted its position in AON by 86.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock valued at $742,582,000 after purchasing an additional 960,204 shares during the last quarter. Proficio Capital Partners LLC grew its position in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 purchasing an additional 343,592 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of AON by 28.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock worth $448,137,000 after buying an additional 275,525 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

Shares of AON stock opened at $394.22 on Friday. The stock’s fifty day simple moving average is $388.72 and its 200-day simple moving average is $372.20. The company has a market capitalization of $85.15 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.12 and a beta of 0.92. 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 plc has a 1-year low of $268.06 and a 1-year high of $412.97.

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

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

Several brokerages have weighed in on AON. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Redburn Atlantic raised AON to a “hold” rating in a research note on Tuesday, March 25th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $386.21.

AON Company 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.