Aon plc $AON Stock Position Raised by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey raised its stake in Aon plc (NYSE:AON) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,883 shares of the financial services provider’s stock after acquiring an additional 3,340 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in AON were worth $11,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in AON by 3.2% in the second quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after buying an additional 173,722 shares during the period. Forsta AP Fonden grew its holdings in AON by 2.9% in the 2nd quarter. Forsta AP Fonden now owns 42,600 shares of the financial services provider’s stock worth $15,198,000 after buying an additional 1,200 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in AON by 109.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 131,483 shares of the financial services provider’s stock worth $46,908,000 after acquiring an additional 68,698 shares during the period. National Pension Service increased its holdings in shares of AON by 19.3% during the second quarter. National Pension Service now owns 416,461 shares of the financial services provider’s stock valued at $148,577,000 after purchasing an additional 67,300 shares during the period. Finally, Avalon Capital Management acquired a new stake in AON in the second quarter worth about $235,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 0.2%

Shares of AON stock opened at $350.68 on Friday. The stock has a 50-day simple moving average of $352.27 and a 200-day simple moving average of $357.52. 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 $75.37 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 1.92 and a beta of 0.86. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON) last posted its earnings results on Thursday, October 30th. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.72 earnings per share. On average, equities research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a $0.745 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s dividend payout ratio (DPR) is presently 23.88%.

Analyst Ratings Changes

AON has been the subject of a number of research analyst reports. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $385.00 to $430.00 in a research note on Thursday, September 11th. Wolfe Research started coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Citigroup upgraded shares of AON from a “neutral” rating to a “buy” rating and set a $402.00 price target on the stock in a research report on Monday, November 3rd. TD Cowen cut their target price on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $419.13.

AON 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.