New York State Teachers Retirement System cut its position in shares of Aon PLC (NYSE:AON) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,231 shares of the financial services provider’s stock after selling 3,592 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of AON worth $59,482,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in AON by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 699,150 shares of the financial services provider’s stock worth $101,623,000 after acquiring an additional 40,993 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of AON by 25.8% in the 4th quarter. Stifel Financial Corp now owns 13,313 shares of the financial services provider’s stock valued at $1,947,000 after buying an additional 2,732 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AON by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 2,880,464 shares of the financial services provider’s stock valued at $417,905,000 after buying an additional 266,133 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of AON by 8.2% in the 4th quarter. MML Investors Services LLC now owns 4,638 shares of the financial services provider’s stock valued at $674,000 after buying an additional 350 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of AON by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock valued at $978,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

In other AON news, General Counsel Peter M. Lieb sold 5,200 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $178.39, for a total transaction of $927,628.00. Following the completion of the sale, the general counsel now owns 16,446 shares of the company’s stock, valued at approximately $2,933,801.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Andersen sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.50, for a total value of $1,338,750.00. Following the sale, the insider now directly owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,345 shares of company stock valued at $4,370,513 in the last ninety days. Insiders own 0.92% of the company’s stock.

AON has been the subject of several recent analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of Rockwell Automation in a report on Friday. Barclays set a $34.00 price objective on DCP Midstream and gave the company a “hold” rating in a report on Wednesday, May 22nd. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. MKM Partners raised AON to a “buy” rating and increased their price objective for the company from $210.00 to $225.00 in a report on Monday, June 24th. Finally, Atlantic Securities downgraded AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective for the company. in a report on Friday, June 14th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $182.73.

AON stock traded down $2.29 during mid-day trading on Friday, hitting $194.56. 1,851,080 shares of the company’s stock traded hands, compared to its average volume of 587,934. The company has a 50 day moving average of $194.01. Aon PLC has a fifty-two week low of $135.30 and a fifty-two week high of $198.61. The stock has a market capitalization of $46.80 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.01). AON had a net margin of 11.08% and a return on equity of 46.15%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the business earned $1.71 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Aon PLC will post 9.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 31st. AON’s dividend payout ratio is 21.57%.

AON Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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