New York State Common Retirement Fund Boosts Stock Holdings in Aon plc (NYSE:AON)

New York State Common Retirement Fund boosted its stake in shares of Aon plc (NYSE:AON - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 281,501 shares of the financial services provider's stock after buying an additional 1,553 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of AON worth $101,104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. lifted its stake 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 valued at $30,000 after purchasing an additional 81 shares during the period. Anchor Investment Management LLC lifted its stake in shares of AON by 1,162.5% in 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 period. First Personal Financial Services acquired a new position in shares of AON in the 3rd quarter valued at about $37,000. Finally, Kestra Investment Management LLC acquired a new position in shares of AON in the 4th quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AON. TD Cowen boosted their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their target price on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $386.21.

AON Stock Down 0.6 %

AON traded down $2.35 during midday trading on Friday, reaching $390.72. 540,471 shares of the company were exchanged, compared to its average volume of 1,002,979. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The company's fifty day moving average price is $367.99 and its 200 day moving average price is $361.10. The company has a market cap of $84.40 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 2.15 and a beta of 0.93. Aon plc has a one year low of $268.06 and a one year high of $395.65.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts' consensus estimates 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. As a group, analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

Insider Transactions at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company's stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

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.