California Public Employees Retirement System Acquires 11,475 Shares of Aon plc (NYSE:AON)

California Public Employees Retirement System boosted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 854,806 shares of the financial services provider's stock after purchasing an additional 11,475 shares during the period. California Public Employees Retirement System owned about 0.40% of AON worth $307,012,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AON. V Square Quantitative Management LLC grew its position in AON by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock valued at $840,000 after acquiring an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after purchasing an additional 33 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of AON by 0.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after purchasing an additional 33 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of AON by 3.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,130 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 33 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its position in AON by 3.5% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $361,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Wells Fargo & Company upped their price target 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. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped 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. Finally, Redburn Atlantic raised shares of AON to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AON has a consensus rating of "Hold" and an average target price of $386.21.

AON Trading Up 1.0 %

Shares of AON stock traded up $4.08 during trading on Monday, reaching $398.63. 1,339,059 shares of the company were exchanged, compared to its average volume of 1,193,075. The business has a 50-day moving average price of $389.38 and a 200-day moving average price of $372.75. The firm has a market capitalization of $86.10 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a twelve month low of $268.06 and a twelve month high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company posted $3.89 earnings per share. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON's dividend payout ratio is 21.33%.

About AON

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.