Aon PLC (AON) Holdings Lifted by Teacher Retirement System of Texas
Teacher Retirement System of Texas grew its position in Aon PLC (NYSE:AON) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 148,709 shares of the financial services provider’s stock after buying an additional 972 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Aon PLC worth $21,726,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of AON. OMERS ADMINISTRATION Corp bought a new stake in Aon PLC during the second quarter valued at approximately $1,600,000. Swiss National Bank boosted its position in shares of Aon PLC by 2.8% in the second quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock worth $131,670,000 after purchasing an additional 27,000 shares during the period. Davis R M Inc. boosted its position in shares of Aon PLC by 1.6% in the third quarter. Davis R M Inc. now owns 163,307 shares of the financial services provider’s stock worth $23,859,000 after purchasing an additional 2,501 shares during the period. New York State Common Retirement Fund boosted its position in shares of Aon PLC by 16.1% in the second quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock worth $151,999,000 after purchasing an additional 158,175 shares during the period. Finally, Nomura Holdings Inc. boosted its position in shares of Aon PLC by 603.8% in the second quarter. Nomura Holdings Inc. now owns 23,184 shares of the financial services provider’s stock worth $3,083,000 after purchasing an additional 19,890 shares during the period. 88.46% of the stock is owned by institutional investors and hedge funds.
Aon PLC (AON) traded up $1.65 during trading on Wednesday, reaching $143.54. 799,100 shares of the company were exchanged, compared to its average volume of 1,078,389. The stock has a market capitalization of $35,457.98, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.08. Aon PLC has a 52 week low of $109.18 and a 52 week high of $152.78.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Aon PLC’s revenue was up 6.3% on a year-over-year basis. sell-side analysts anticipate that Aon PLC will post 6.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 31st. Aon PLC’s dividend payout ratio (DPR) is 21.79%.
In other Aon PLC news, EVP John G. Bruno sold 10,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $143.24, for a total transaction of $1,432,400.00. Following the transaction, the executive vice president now owns 10,471 shares in the company, valued at $1,499,866.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 30,000 shares of company stock worth $4,285,200 in the last quarter. Company insiders own 0.90% of the company’s stock.
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AON has been the subject of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price target (up from $146.00) on shares of Aon PLC in a research report on Monday, July 24th. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company reissued a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a report on Sunday, August 6th. Finally, Citigroup Inc. boosted their target price on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Aon PLC has a consensus rating of “Hold” and a consensus target price of $144.42.
Aon PLC Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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