State of Tennessee Department of Treasury Purchases 16,399 Shares of Aon plc (NYSE:AON)

State of Tennessee Department of Treasury raised its stake in shares of Aon plc (NYSE:AON - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,848 shares of the financial services provider's stock after purchasing an additional 16,399 shares during the period. State of Tennessee Department of Treasury owned 0.06% of AON worth $44,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AON. Charles Schwab Investment Management Inc. grew its holdings in AON by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,237,784 shares of the financial services provider's stock valued at $444,563,000 after buying an additional 31,021 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AON by 27.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,548 shares of the financial services provider's stock worth $34,676,000 after acquiring an additional 20,942 shares during the last quarter. Aviva PLC increased its position in AON by 19.0% during the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after acquiring an additional 40,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in AON by 5.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider's stock valued at $9,530,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in AON by 43,000.8% in the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock valued at $140,404,000 after purchasing an additional 390,017 shares during the period. Institutional investors own 86.14% of the company's stock.

AON Price Performance

Shares of AON traded down $28.60 on Friday, hitting $336.45. The company's stock had a trading volume of 5,317,653 shares, compared to its average volume of 1,254,855. The company has a market capitalization of $72.67 billion, a PE ratio of 26.58, a PEG ratio of 2.12 and a beta of 0.82. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The company has a 50 day moving average price of $387.62 and a 200 day moving average price of $375.76. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.89%. AON's payout ratio is currently 23.54%.

Wall Street Analyst Weigh In

AON has been the subject of a number of research analyst reports. Redburn Atlantic raised shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. 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. Finally, Barclays dropped their price objective on shares of AON from $440.00 to $430.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, AON currently has an average rating of "Hold" and a consensus target price of $393.87.

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.