7,196 Shares in Aon plc $AON Bought by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in shares of Aon plc (NYSE:AON) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,196 shares of the financial services provider’s stock, valued at approximately $2,539,000.

Several other hedge funds have also recently modified their holdings of AON. Westside Investment Management Inc. lifted its holdings in shares of AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of AON during the third quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth $30,000. Strive Asset Management LLC acquired a new stake in shares of AON during the third quarter worth $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of AON during the third quarter worth $37,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of AON in a report on Monday, March 16th. Cantor Fitzgerald raised their target price on AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Citigroup raised their target price on AON from $402.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company reduced their target price on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $397.88.

AON Price Performance

AON stock opened at $326.48 on Tuesday. Aon plc has a one year low of $304.59 and a one year high of $381.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The business has a fifty day moving average of $322.19 and a two-hundred day moving average of $335.20. The company has a market cap of $69.73 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the company earned $5.67 earnings per share. AON’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts predict that Aon plc will post 19.07 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.82 per share. This is a boost from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s dividend payout ratio is presently 16.36%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.