Public Employees Retirement Association of Colorado Sells 794 Shares of Aon plc (NYSE:AON)

Public Employees Retirement Association of Colorado trimmed its position in Aon plc (NYSE:AON) by 2.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,222 shares of the financial services provider’s stock after selling 794 shares during the period. Public Employees Retirement Association of Colorado’s holdings in AON were worth $7,992,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AON. Gryphon Financial Partners LLC raised its position in AON by 262.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 2,989 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in AON by 10.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,853 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 6,962 shares during the last quarter. Clearbridge Investments LLC bought a new position in AON during the 4th quarter worth $392,000. Assetmark Inc. raised its position in AON by 17.6% during the 4th quarter. Assetmark Inc. now owns 5,945 shares of the financial services provider’s stock worth $1,730,000 after purchasing an additional 888 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in AON by 23.7% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 4,556 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 873 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AON. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Barclays assumed coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target for the company. Wells Fargo & Company increased their price target on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. Finally, Piper Sandler increased their price target on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $337.27.

AON Price Performance

Shares of NYSE AON opened at $347.03 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $353.54. The stock has a market cap of $75.46 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The firm’s 50-day simple moving average is $330.75 and its 200 day simple moving average is $311.39.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the business posted $2.76 EPS. AON’s revenue was up 18.4% compared to the same quarter last year. As a group, research analysts anticipate that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. AON’s dividend payout ratio is currently 21.16%.

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.