Aon plc $AON Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its position in Aon plc (NYSE:AON) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 567,479 shares of the financial services provider’s stock after selling 33,938 shares during the quarter. AON makes up 1.4% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 15th biggest position. OMERS ADMINISTRATION Corp’s holdings in AON were worth $200,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Wealth Watch Advisors INC acquired a new position in AON in the 3rd quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in AON in the 4th quarter worth $30,000. Strive Asset Management LLC acquired a new position in AON in the 3rd quarter worth $35,000. Cornerstone Financial Management LLC acquired a new position in AON in the 4th quarter worth $37,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in AON in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $329.45 on Tuesday. The firm has a market cap of $70.36 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The firm’s 50-day simple moving average is $322.82 and its 200-day simple moving average is $332.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm earned $5.67 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts forecast that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. cut their target price on shares of AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Barclays cut their target price on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Piper Sandler cut their target price on shares of AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company cut their target price on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.50.

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.