Aon plc $AON Stock Holdings Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in shares of Aon plc (NYSE:AON) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,337 shares of the financial services provider’s stock after selling 136 shares during the period. Retirement Systems of Alabama’s holdings in AON were worth $16,531,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in AON during the 1st quarter valued at $28,000. Saudi Central Bank bought a new stake in AON during the 1st quarter valued at $31,000. HHM Wealth Advisors LLC raised its stake in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in AON during the 2nd quarter valued at $32,000. Finally, Pinnacle Bancorp Inc. boosted its stake in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON opened at $340.75 on Friday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.92 and a beta of 0.89. The stock has a fifty day moving average price of $356.70 and a 200 day moving average price of $358.72.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the firm earned $2.72 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s payout ratio is currently 24.96%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AON shares. TD Cowen decreased their price target on AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Wells Fargo & Company decreased their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Wolfe Research started coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their target price on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Barclays restated an “overweight” rating and issued a $420.00 target price (up from $401.00) on shares of AON in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus price target of $420.00.

AON 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.