Louisiana State Employees Retirement System Lowers Holdings in Aon plc (NYSE:AON)

Louisiana State Employees Retirement System reduced its stake in shares of Aon plc (NYSE:AON) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,600 shares of the financial services provider’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in AON were worth $4,166,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AON. Valley Wealth Managers Inc. grew its holdings in AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 28 shares during the period. Amplius Wealth Advisors LLC grew its stake in shares of AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC increased its holdings in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of AON by 5.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AON. JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $386.21.

Insider Activity at AON

In other news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

AON Stock Up 0.7 %

Shares of NYSE AON opened at $386.81 on Thursday. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The company has a 50-day moving average of $365.26 and a 200 day moving average of $358.47. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The stock has a market cap of $83.66 billion, a PE ratio of 30.55, a P/E/G ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 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 previous year, the firm earned $3.89 earnings per share. As a group, sell-side analysts predict that Aon plc will post 17.24 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s payout ratio is 21.33%.

AON Company 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.