California State Teachers Retirement System Sells 5,676 Shares of Aon plc (NYSE:AON)

California State Teachers Retirement System reduced its stake in shares of Aon plc (NYSE:AON – Get Rating) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 357,712 shares of the financial services provider’s stock after selling 5,676 shares during the period. California State Teachers Retirement System owned 0.17% of AON worth $95,820,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AON. Bishop Rock Capital L.P. raised its position in shares of AON by 8,264.4% in the 2nd quarter. Bishop Rock Capital L.P. now owns 3,765,002 shares of the financial services provider’s stock worth $13,961,000 after acquiring an additional 3,719,990 shares in the last quarter. First Trust Advisors LP raised its position in shares of AON by 749.5% in the 3rd quarter. First Trust Advisors LP now owns 625,572 shares of the financial services provider’s stock worth $167,572,000 after acquiring an additional 551,932 shares in the last quarter. GQG Partners LLC increased its position in AON by 17.7% in the 2nd quarter. GQG Partners LLC now owns 1,734,429 shares of the financial services provider’s stock valued at $467,744,000 after buying an additional 260,537 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in AON by 6,802.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 158,538 shares of the financial services provider’s stock valued at $42,468,000 after buying an additional 156,241 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in AON in the 2nd quarter valued at about $40,643,000. 86.12% of the stock is owned by institutional investors.

AON Price Performance

Shares of NYSE AON opened at $285.85 on Thursday. Aon plc has a twelve month low of $246.21 and a twelve month high of $341.98. The stock’s 50 day moving average price is $310.85 and its 200-day moving average price is $296.79. The company has a market capitalization of $58.64 billion, a PE ratio of 23.59, a PEG ratio of 1.94 and a beta of 0.89. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 12.27.

AON (NYSE:AON – Get Rating) last announced its earnings results on Friday, February 3rd. The financial services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.22. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. AON had a return on equity of 1,165.31% and a net margin of 20.75%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.71 EPS. On average, equities analysts anticipate that Aon plc will post 14.53 EPS for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, January 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.78%. AON’s dividend payout ratio (DPR) is presently 18.48%.

Insider Buying and Selling

In related news, insider Michael Neller sold 1,000 shares of AON stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total value of $311,590.00. Following the sale, the insider now owns 1,216 shares of the company’s stock, valued at approximately $378,893.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AON news, insider Michael Neller sold 1,000 shares of the business’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total transaction of $311,590.00. Following the sale, the insider now owns 1,216 shares of the company’s stock, valued at approximately $378,893.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christa Davies sold 20,528 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $305.11, for a total transaction of $6,263,298.08. Following the sale, the chief financial officer now directly owns 179,571 shares in the company, valued at approximately $54,788,907.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,389 shares of company stock valued at $22,664,130. 1.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on AON shares. Citigroup boosted their target price on AON from $339.00 to $340.00 and gave the company a “neutral” rating in a research report on Wednesday, February 8th. Roth Capital reaffirmed a “buy” rating on shares of AON in a research report on Tuesday, February 7th. StockNews.com started coverage on AON in a research report on Thursday. They issued a “hold” rating for the company. MKM Partners lifted their price target on AON from $335.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 5th. Finally, Morgan Stanley lifted their price target on AON from $250.00 to $255.00 and gave the company an “underweight” rating in a research note on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $314.80.

AON Profile

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.