Oregon Public Employees Retirement Fund Sells 40 Shares of Aon plc (NYSE:AON)

Oregon Public Employees Retirement Fund lessened its holdings in Aon plc (NYSE:AON) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,542 shares of the financial services provider’s stock after selling 40 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in AON were worth $6,660,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares during the period. Geode Capital Management LLC boosted its position in shares of AON by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares during the period. Veritas Asset Management LLP boosted its position in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the period. Bank of New York Mellon Corp boosted its position in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares during the period. Finally, Cantillon Capital Management LLC boosted its position in shares of AON by 15.6% in the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after acquiring an additional 177,956 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 0.3 %

Shares of NYSE AON opened at $398.74 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $86.13 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.12 and a beta of 0.93. Aon plc has a 12 month low of $268.06 and a 12 month high of $400.22. The stock has a 50-day moving average price of $370.87 and a two-hundred day moving average price of $363.26.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating 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 prior year, the company earned $3.89 earnings per share. As a group, analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Barclays boosted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $386.21.

AON 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.