Public Employees Retirement Association of Colorado Has $9.42 Million Stock Holdings in Aon plc (NYSE:AON)

Public Employees Retirement Association of Colorado decreased its stake in shares of Aon plc (NYSE:AON) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Value Partners Investments Inc. boosted its holdings in shares of AON by 1.9% in the 4th quarter. Value Partners Investments Inc. now owns 1,485 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 28 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 33 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of AON by 0.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $1,326,000 after purchasing an additional 33 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of AON by 3.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

AON stock opened at $343.63 on Tuesday. The stock has a 50-day moving average price of $385.51 and a 200-day moving average price of $375.83. Aon plc has a 1-year low of $275.07 and a 1-year high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $74.22 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last posted its quarterly earnings results 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). AON had a return on equity of 70.84% and a net margin of 16.91%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the company posted $5.66 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.745 dividend. This is a boost from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 1st. AON’s dividend payout ratio (DPR) is currently 25.38%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Jefferies Financial Group raised their price objective on AON from $396.00 to $416.00 and gave the company a “hold” rating in a report on Friday, April 11th. Piper Sandler raised AON from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $384.00 to $378.00 in a report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on AON from $394.00 to $409.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $392.00.

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.