Teacher Retirement System of Texas Acquires 4,822 Shares of Aon plc $AON

Teacher Retirement System of Texas increased its holdings in shares of Aon plc (NYSE:AON) by 5.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,334 shares of the financial services provider’s stock after purchasing an additional 4,822 shares during the period. Teacher Retirement System of Texas’ holdings in AON were worth $35,777,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AON. Norges Bank purchased a new stake in AON during the second quarter worth $754,671,000. Vanguard Group Inc. raised its position in shares of AON by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after acquiring an additional 511,292 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after purchasing an additional 473,594 shares during the last quarter. Altrinsic Global Advisors LLC boosted its position in AON by 193.2% during the second quarter. Altrinsic Global Advisors LLC now owns 692,633 shares of the financial services provider’s stock valued at $247,104,000 after purchasing an additional 456,399 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in AON by 92.9% in the third quarter. Vontobel Holding Ltd. now owns 889,332 shares of the financial services provider’s stock valued at $317,118,000 after purchasing an additional 428,361 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.8%

NYSE:AON opened at $338.56 on Friday. The company has a market capitalization of $72.77 billion, a P/E ratio of 27.13, a PEG ratio of 1.70 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a fifty day simple moving average of $348.67 and a 200-day simple moving average of $354.35.

AON (NYSE:AON) last issued its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.72 EPS. On average, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is 23.88%.

Analyst Ratings Changes

Several analysts have commented on AON shares. Morgan Stanley set a $400.00 price target on shares of AON in a research report on Tuesday, December 16th. TD Cowen cut their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Cantor Fitzgerald decreased their target price on shares of AON from $450.00 to $393.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. The Goldman Sachs Group set a $395.00 target price on shares of AON in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $408.47.

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.