Public Employees Retirement Association of Colorado trimmed its holdings in shares of Aon plc (NYSE:AON - Free Report) by 58.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,112 shares of the financial services provider's stock after selling 42,934 shares during the period. Public Employees Retirement Association of Colorado's holdings in AON were worth $8,763,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Integrated Advisors Network LLC increased its holdings in shares of AON by 5.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider's stock worth $215,000 after acquiring an additional 32 shares during the period. Valley Wealth Managers Inc. increased its holdings in shares of AON by 4.9% in the 3rd quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider's stock worth $252,000 after acquiring an additional 36 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of AON by 2.2% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider's stock worth $560,000 after acquiring an additional 37 shares during the period. Signaturefd LLC increased its holdings in shares of AON by 1.8% in the 4th quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider's stock worth $625,000 after acquiring an additional 38 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in shares of AON by 3.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,246 shares of the financial services provider's stock worth $363,000 after acquiring an additional 38 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at AON
In related news, Director Lester B. Knight acquired 10,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the purchase, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by corporate insiders.
AON Stock Down 0.9 %
AON stock traded down $2.59 during midday trading on Friday, hitting $283.12. 833,960 shares of the company traded hands, compared to its average volume of 1,212,018. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37. The business has a 50 day simple moving average of $295.68 and a 200-day simple moving average of $306.01. The stock has a market capitalization of $61.56 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.89 and a beta of 0.91.
AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the business earned $5.17 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that Aon plc will post 15.48 EPS for the current year.
AON Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.675 dividend. This is an increase from AON's previous quarterly dividend of $0.62. The ex-dividend date was Tuesday, April 30th. This represents a $2.70 annualized dividend and a dividend yield of 0.95%. AON's dividend payout ratio (DPR) is presently 21.16%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AON. Morgan Stanley increased their target price on shares of AON from $325.00 to $327.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $311.00 price objective on shares of AON in a research report on Tuesday, May 28th. Royal Bank of Canada reduced their price objective on shares of AON from $325.00 to $315.00 and set a "sector perform" rating for the company in a research note on Monday, April 29th. JPMorgan Chase & Co. increased their price target on shares of AON from $318.00 to $353.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Finally, Piper Sandler reduced their price target on shares of AON from $326.00 to $312.00 and set a "neutral" rating for the company in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $321.86.
Check Out Our Latest Research Report on AON
AON Company Profile
(Free Report)
Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.
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