Teacher Retirement System of Texas Increases Stake in Aon plc (NYSE:AON)

Teacher Retirement System of Texas boosted its position in Aon plc (NYSE:AON - Free Report) by 306.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,850 shares of the financial services provider's stock after acquiring an additional 54,921 shares during the period. Teacher Retirement System of Texas' holdings in AON were worth $26,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its position in AON by 16.9% during the 3rd quarter. Empowered Funds LLC now owns 3,855 shares of the financial services provider's stock valued at $1,334,000 after purchasing an additional 558 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of AON by 23.1% during the third quarter. Avior Wealth Management LLC now owns 320 shares of the financial services provider's stock valued at $111,000 after buying an additional 60 shares during the period. First Horizon Advisors Inc. lifted its stake in AON by 18.2% in the third quarter. First Horizon Advisors Inc. now owns 377 shares of the financial services provider's stock worth $130,000 after acquiring an additional 58 shares during the period. Moors & Cabot Inc. boosted its holdings in AON by 4.3% in the third quarter. Moors & Cabot Inc. now owns 1,097 shares of the financial services provider's stock valued at $380,000 after acquiring an additional 45 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in AON by 7.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 4,789 shares of the financial services provider's stock valued at $1,657,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

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Analyst Ratings Changes

Several analysts have commented on AON shares. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on shares of AON from $379.00 to $394.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their price target on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $386.21.

AON Stock Performance

NYSE:AON traded up $0.15 during mid-day trading on Wednesday, reaching $396.29. The company's stock had a trading volume of 884,094 shares, compared to its average volume of 1,105,178. The firm's fifty day moving average price is $386.85 and its two-hundred day moving average price is $371.39. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $85.60 billion, a P/E ratio of 31.30, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts' consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business earned $3.89 EPS. On average, equities analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON's dividend payout ratio (DPR) is presently 21.33%.

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.