Arizona State Retirement System Purchases 158 Shares of Aon plc (NYSE:AON)

Arizona State Retirement System grew its stake in shares of Aon plc (NYSE:AON) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,267 shares of the financial services provider’s stock after buying an additional 158 shares during the quarter. Arizona State Retirement System’s holdings in AON were worth $20,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in shares of AON during the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 81 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of AON during the 3rd quarter valued at $37,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of AON during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of several research reports. Piper Sandler raised their price objective on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Barclays lifted their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $386.21.

AON Price Performance

AON stock opened at $404.18 on Thursday. The firm’s 50-day moving average price is $375.61 and its two-hundred day moving average price is $365.91. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The stock has a market capitalization of $87.30 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.12 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $3.89 EPS. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

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.