Teacher Retirement System of Texas Acquires 4,822 Shares of Aon plc $AON

Teacher Retirement System of Texas lifted its holdings in Aon plc (NYSE:AON) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,334 shares of the financial services provider’s stock after buying an additional 4,822 shares during the period. Teacher Retirement System of Texas’ holdings in AON were worth $35,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AON. Heartwood Wealth Advisors LLC bought a new stake in AON during the third quarter worth approximately $29,000. Atlantic Union Bankshares Corp purchased a new position in shares of AON in the 2nd quarter worth approximately $31,000. Salomon & Ludwin LLC bought a new position in shares of AON during the 3rd quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in AON during the 2nd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in AON in the second quarter worth $37,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $338.56 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $72.77 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.84. The firm has a 50-day moving average of $348.67 and a two-hundred day moving average of $354.35. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio is presently 23.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AON. TD Cowen reduced their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. The Goldman Sachs Group set a $395.00 price target on shares of AON in a report on Wednesday, January 7th. UBS Group reduced their price objective on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company dropped their target price on AON from $449.00 to $448.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Mizuho set a $387.00 target price on AON in a research note on Wednesday, January 14th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $408.47.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.