New York State Teachers Retirement System Sells 2,771 Shares of Aon plc (NYSE:AON)

New York State Teachers Retirement System cut its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,533 shares of the financial services provider's stock after selling 2,771 shares during the period. New York State Teachers Retirement System owned about 0.08% of AON worth $59,812,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its position in shares of AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock worth $307,000 after acquiring an additional 28 shares during the last quarter. Intellectus Partners LLC raised its holdings in AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock worth $343,000 after purchasing an additional 31 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of AON by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider's stock worth $840,000 after purchasing an additional 31 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider's stock worth $242,000 after buying an additional 33 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its stake in AON by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,692 shares of the financial services provider's stock worth $1,326,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AON shares. Evercore ISI upgraded AON from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. BMO Capital Markets raised their price objective on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Finally, TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, AON has an average rating of "Hold" and an average price target of $386.21.

AON Stock Up 1.0 %

AON stock traded up $3.76 during trading on Wednesday, hitting $394.85. 854,251 shares of the company were exchanged, compared to its average volume of 1,028,995. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The business's 50 day moving average is $366.73 and its 200 day moving average is $360.64. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.65. The company has a market capitalization of $85.40 billion, a P/E ratio of 31.19, a PEG ratio of 2.11 and a beta of 0.93.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm earned $3.89 EPS. Analysts predict 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 was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON's dividend payout ratio is currently 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.