79,272 Shares in Aon plc $AON Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Aon plc (NYSE:AON) during the second quarter, Holdings Channel.com reports. The firm bought 79,272 shares of the financial services provider’s stock, valued at approximately $26,294,000.

Several other large investors have also modified their holdings of AON. Ancora Advisors LLC increased its position in shares of AON by 3.8% during the 2nd quarter. Ancora Advisors LLC now owns 6,282 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 230 shares during the last quarter. Ally Financial Inc. acquired a new position in AON in the second quarter valued at about $995,000. Commerzbank Aktiengesellschaft FI purchased a new position in AON during the second quarter worth about $720,000. Trust Co. of Vermont acquired a new stake in shares of AON during the second quarter valued at about $89,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of AON in the 2nd quarter valued at approximately $1,593,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of AON opened at $355.94 on Friday. The company has a market cap of $75.50 billion, a P/E ratio of 19.62, a PEG ratio of 1.80 and a beta of 0.69. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $382.34. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The firm’s 50 day moving average price is $353.13 and its 200 day moving average price is $333.77.

AON (NYSE:AON) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter last year, the company posted $3.49 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts forecast that Aon plc will post 19.06 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Monday, August 3rd. This represents a $3.28 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is 18.08%.

Insider Transactions at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the transaction, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. This trade represents a 14.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

AON has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of AON from $420.00 to $435.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Piper Sandler boosted their target price on AON from $377.00 to $391.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded AON from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho lifted their price objective on AON from $426.00 to $437.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised AON from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $412.62.

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.