Kentucky Retirement Systems Sells 205 Shares of Aon plc (NYSE:AON)

Kentucky Retirement Systems lessened its stake in shares of Aon plc (NYSE:AON) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,929 shares of the financial services provider’s stock after selling 205 shares during the quarter. Kentucky Retirement Systems’ holdings in AON were worth $5,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new position in AON during the third quarter worth about $20,856,000. Signaturefd LLC increased its position in shares of AON by 9.0% in the third quarter. Signaturefd LLC now owns 2,646 shares of the financial services provider’s stock worth $916,000 after purchasing an additional 219 shares during the last quarter. Eastern Bank bought a new stake in AON during the third quarter valued at approximately $43,000. Dakota Wealth Management increased its holdings in shares of AON by 8.5% in the 3rd quarter. Dakota Wealth Management now owns 3,347 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 263 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of AON by 2.1% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 11,339 shares of the financial services provider’s stock worth $3,923,000 after acquiring an additional 234 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AON shares. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.9 %

NYSE:AON opened at $389.51 on Friday. The firm has a market capitalization of $84.13 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.15 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a fifty day moving average of $368.55 and a 200 day moving average of $361.55. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.65.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business earned $3.89 earnings per share. On average, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. AON’s dividend payout ratio is currently 21.33%.

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.