Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,306 Shares of Aon plc (NYSE:AON)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,985 shares of the financial services provider's stock after selling 1,306 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in AON were worth $16,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Endeavor Private Wealth Inc. bought a new position in AON in the fourth quarter valued at $29,000. Richardson Financial Services Inc. boosted its holdings in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC increased 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 purchasing an additional 93 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of AON during the 4th quarter valued at about $39,000. Finally, Kestra Investment Management LLC bought a new stake in AON in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AON. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price target on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One investment 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $386.21.

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AON Stock Up 0.7 %

AON stock traded up $2.88 during trading hours on Tuesday, hitting $396.03. 839,229 shares of the stock traded hands, compared to its average volume of 1,107,282. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a market cap of $85.54 billion, a PE ratio of 31.28, a PEG ratio of 2.12 and a beta of 0.92. The firm's 50-day moving average price is $386.18 and its two-hundred day moving average price is $371.05. 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 - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share 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 period in the previous year, the business earned $3.89 EPS. On average, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 0.68%. AON's dividend payout ratio (DPR) is currently 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.