OMERS ADMINISTRATION Corp Lowers Stock Holdings in Aon plc $AON

OMERS ADMINISTRATION Corp reduced its position in Aon plc (NYSE:AON) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 567,479 shares of the financial services provider’s stock after selling 33,938 shares during the period. AON comprises approximately 1.4% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 15th biggest holding. OMERS ADMINISTRATION Corp owned 0.26% of AON worth $200,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Watch Advisors INC purchased a new stake in AON in the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON during the 4th quarter valued at $30,000. Strive Asset Management LLC purchased a new stake in shares of AON during the 3rd quarter valued at $35,000. Cornerstone Financial Management LLC purchased a new stake in shares of AON during the 4th quarter valued at $37,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of AON during the 3rd quarter valued at $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

NYSE:AON opened at $329.45 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.76 and a beta of 0.71. The firm’s fifty day simple moving average is $322.82 and its 200 day simple moving average is $332.44. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00.

AON (NYSE:AON) last posted its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.67 EPS. As a group, equities research analysts expect that Aon plc will post 19.1 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio (DPR) is presently 16.36%.

Analyst Ratings Changes

Several analysts have recently issued reports on AON shares. JPMorgan Chase & Co. lowered their price objective on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Barclays lowered their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Citigroup boosted their price objective 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. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $398.00 to $397.00 in a research note on Friday, February 27th. Finally, Morgan Stanley lowered their price objective on shares of AON from $380.00 to $370.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.50.

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.