Strs Ohio Buys 7,320 Shares of Aon plc $AON

Strs Ohio grew its stake in shares of Aon plc (NYSE:AON) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,239 shares of the financial services provider’s stock after buying an additional 7,320 shares during the period. Strs Ohio’s holdings in AON were worth $25,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in AON during the first quarter worth about $28,000. Saudi Central Bank bought a new position in AON during the first quarter worth about $31,000. Pinnacle Bancorp Inc. boosted its holdings in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in AON during the second quarter worth about $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after buying an additional 29 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Citigroup assumed coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective on the stock. Wells Fargo & Company cut their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and lifted their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AON in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Stock Up 3.8%

Shares of AON stock opened at $340.75 on Friday. The business’s 50 day simple moving average is $356.70 and its 200 day simple moving average is $358.72. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The firm has a market cap of $73.48 billion, a PE ratio of 28.54, a P/E/G ratio of 1.92 and a beta of 0.89. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm earned $2.72 EPS. AON’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

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.