10,900 Shares in Aon plc $AON Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of Aon plc (NYSE:AON) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,900 shares of the financial services provider’s stock, valued at approximately $3,518,000.

A number of other institutional investors also recently made changes to their positions in AON. Wealth Watch Advisors INC acquired a new position in shares of AON during the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in AON in the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new position in AON during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new position in shares of AON during the 4th quarter valued at $30,000. Finally, Strive Asset Management LLC bought a new stake in shares of AON in the 3rd quarter worth $35,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays decreased their target price on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Piper Sandler cut their price target on shares of AON from $360.00 to $355.00 and set an “overweight” rating for the company in a report on Monday, June 15th. Weiss Ratings restated a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. Citigroup boosted their target price on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, UBS Group cut their target price on shares of AON from $385.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $394.94.

AON Trading Up 3.9%

Shares of NYSE AON opened at $328.40 on Friday. 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. The company has a market cap of $70.14 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.73 and a beta of 0.71. The business has a fifty day simple moving average of $322.53 and a 200-day simple moving average of $330.87.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the previous year, the company earned $5.67 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Aon plc will post 19.09 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.74. AON’s dividend payout ratio (DPR) is 18.00%.

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.