Aon plc $AON Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in Aon plc (NYSE:AON) by 32.4% during the third quarter, HoldingsChannel.com reports. The fund owned 24,695 shares of the financial services provider’s stock after buying an additional 6,043 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AON were worth $8,806,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in AON in the 2nd quarter worth about $754,671,000. Vanguard Group Inc. boosted its holdings in shares of AON by 2.6% in the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after buying an additional 511,292 shares during the period. Bank of New York Mellon Corp increased its position in shares of AON by 15.6% in the second quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after acquiring an additional 473,594 shares in the last quarter. Altrinsic Global Advisors LLC raised its holdings in shares of AON by 193.2% during the second quarter. Altrinsic Global Advisors LLC now owns 692,633 shares of the financial services provider’s stock valued at $247,104,000 after acquiring an additional 456,399 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in shares of AON by 92.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 889,332 shares of the financial services provider’s stock valued at $317,118,000 after acquiring an additional 428,361 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of NYSE AON opened at $350.95 on Friday. The business’s 50-day simple moving average is $349.43 and its 200-day simple moving average is $355.27. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The firm has a market cap of $75.43 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 1.79 and a beta of 0.84.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the firm earned $2.72 EPS. AON’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AON shares. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. UBS Group dropped their price target on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. decreased their price objective on AON from $433.00 to $406.00 and set an “overweight” rating for the company in a research report on Wednesday. TD Cowen lowered their target price on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Barclays raised their price target on shares of AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $411.35.

About AON

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.