PBU The Pension Fund of Early Childhood & Youth Educators Invests $3.42 Million in Aon plc $AON

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of Aon plc (NYSE:AON) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,694 shares of the financial services provider’s stock, valued at approximately $3,421,000.

Several other hedge funds and other institutional investors have also modified their holdings of AON. Westside Investment Management Inc. raised its holdings in shares of AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of AON during the third quarter worth $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON during the fourth quarter worth $30,000. Strive Asset Management LLC purchased a new stake in shares of AON during the third quarter worth $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of AON during the third quarter worth $37,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

NYSE AON opened at $328.85 on Friday. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The stock’s 50-day moving average is $321.49 and its two-hundred day moving average is $333.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $70.24 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

AON (NYSE:AON) last posted its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the company earned $5.67 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 1st. AON’s dividend payout ratio is 16.36%.

Analyst Ratings Changes

Several brokerages recently issued reports on AON. Morgan Stanley cut their price objective on AON from $380.00 to $370.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Piper Sandler increased their price objective on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a report on Tuesday, April 21st. Citigroup raised their target price on AON from $412.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Barclays cut their target price on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $396.81.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.