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

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Aon plc (NYSE:AON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,694 shares of the financial services provider’s stock, valued at approximately $3,421,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of AON by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after purchasing an additional 191,658 shares during the period. State Street Corp increased its position in shares of AON by 1.2% during the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after purchasing an additional 105,154 shares during the period. Geode Capital Management LLC increased its position in shares of AON by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after purchasing an additional 28,066 shares during the period. Dodge & Cox acquired a new position in shares of AON during the 3rd quarter valued at $1,235,437,000. Finally, Norges Bank acquired a new position in shares of AON during the 4th quarter valued at $1,155,981,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AON shares. Wells Fargo & Company reduced their price objective on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Bank of America raised AON from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. Mizuho reduced their price objective on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price objective on AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on AON from $416.00 to $401.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.

AON Stock Performance

Shares of AON stock opened at $328.85 on Friday. The stock has a market cap of $70.24 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The business has a fifty day simple moving average of $321.49 and a 200-day simple moving average of $333.17. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00.

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

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. This is a boost from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is 16.36%.

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.