Kentucky Retirement Systems Has $4.81 Million Holdings in Aon plc (NYSE:AON)

Kentucky Retirement Systems boosted its stake in Aon plc (NYSE:AON) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,385 shares of the financial services provider’s stock after purchasing an additional 1,180 shares during the period. Kentucky Retirement Systems’ holdings in AON were worth $4,810,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AON. Vanguard Group Inc. raised its position in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after acquiring an additional 64,500 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after purchasing an additional 309,702 shares during the period. Capital International Investors raised its holdings in AON by 0.4% during the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after purchasing an additional 22,346 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after purchasing an additional 52,099 shares during the last quarter. Finally, Sustainable Growth Advisers LP increased its position in shares of AON by 4.7% during the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after buying an additional 127,173 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AON. Morgan Stanley cut their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company raised their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Barclays started coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $337.27.

AON Trading Down 0.7 %

AON opened at $346.97 on Friday. The firm has a market capitalization of $75.38 billion, a PE ratio of 27.19, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $353.54. The company’s 50-day moving average is $329.77 and its 200 day moving average is $311.20.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.76 EPS. As a group, research analysts predict that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. AON’s dividend payout ratio is currently 21.16%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.