Retirement Systems of Alabama Decreases Holdings in Aon PLC (AON)

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Retirement Systems of Alabama trimmed its position in Aon PLC (NYSE:AON) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,754 shares of the financial services provider’s stock after selling 149 shares during the quarter. Retirement Systems of Alabama’s holdings in AON were worth $19,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Westbourne Investment Advisors Inc. grew its holdings in AON by 2.7% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 2,880 shares of the financial services provider’s stock valued at $492,000 after buying an additional 75 shares in the last quarter. Advisors Capital Management LLC grew its holdings in AON by 3.9% in the 4th quarter. Advisors Capital Management LLC now owns 2,036 shares of the financial services provider’s stock valued at $296,000 after buying an additional 77 shares in the last quarter. Glenview State Bank Trust DEPT. grew its holdings in AON by 1.8% in the 4th quarter. Glenview State Bank Trust DEPT. now owns 4,425 shares of the financial services provider’s stock valued at $643,000 after buying an additional 80 shares in the last quarter. Synovus Financial Corp grew its holdings in AON by 10.3% in the 4th quarter. Synovus Financial Corp now owns 940 shares of the financial services provider’s stock valued at $137,000 after buying an additional 88 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in AON by 2.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 4,236 shares of the financial services provider’s stock valued at $616,000 after buying an additional 89 shares in the last quarter. 84.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on AON shares. William Blair reaffirmed a “market perform” rating on shares of AON in a report on Friday, February 1st. Compass Point began coverage on AON in a report on Tuesday, January 15th. They set a “buy” rating and a $195.00 target price on the stock. MKM Partners raised AON from a “neutral” rating to a “buy” rating and increased their target price for the stock from $155.00 to $200.00 in a report on Monday, February 4th. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th. Finally, Zacks Investment Research lowered AON from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. AON has a consensus rating of “Hold” and an average target price of $169.30.

AON opened at $176.93 on Wednesday. The firm has a market cap of $42.23 billion, a PE ratio of 21.68, a P/E/G ratio of 1.70 and a beta of 0.94. Aon PLC has a 52-week low of $134.82 and a 52-week high of $176.96. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.42.

AON (NYSE:AON) last released its earnings results on Friday, February 1st. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.03. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.82 billion. AON had a return on equity of 43.49% and a net margin of 10.53%. AON’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.35 EPS. Equities analysts forecast that Aon PLC will post 9.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.44 per share. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio is 19.61%.

In related news, General Counsel Peter M. Lieb sold 15,068 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total value of $2,603,298.36. Following the sale, the general counsel now directly owns 17,985 shares of the company’s stock, valued at $3,107,268.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christa Davies sold 58,152 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $170.90, for a total value of $9,938,176.80. Following the completion of the sale, the chief financial officer now directly owns 288,016 shares in the company, valued at $49,221,934.40. The disclosure for this sale can be found here. Insiders sold 74,470 shares of company stock worth $12,756,050 over the last ninety days. 0.42% of the stock is currently owned by insiders.

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AON Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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