Teacher Retirement System of Texas Has $34.08 Million Stock Holdings in Aon plc $AON

Teacher Retirement System of Texas increased its stake in shares of Aon plc (NYSE:AON) by 30.5% in the second quarter, Holdings Channel.com reports. The firm owned 95,512 shares of the financial services provider’s stock after buying an additional 22,295 shares during the quarter. Teacher Retirement System of Texas’ holdings in AON were worth $34,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Financial Gravity Asset Management Inc. bought a new stake in AON during the 1st quarter worth approximately $28,000. Saudi Central Bank bought a new stake in AON during the 1st quarter worth approximately $31,000. Pinnacle Bancorp Inc. grew its holdings in AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in AON during the 2nd quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC grew its holdings in AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Down 0.3%

Shares of NYSE AON opened at $336.61 on Tuesday. The firm has a market cap of $72.58 billion, a PE ratio of 28.19, a P/E/G ratio of 1.99 and a beta of 0.89. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The company’s fifty day simple moving average is $360.12 and its 200 day simple moving average is $359.84. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 earnings per share. As a group, sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.745 per share. The ex-dividend date is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

AON has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Barclays reaffirmed an “overweight” rating and issued a $420.00 price objective (up from $401.00) on shares of AON in a research note on Thursday, July 31st. Evercore ISI upped their price objective on shares of AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, TD Cowen reduced their price objective on shares of AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.