New York State Teachers Retirement System Lowers Position in Aon plc (NYSE:AON)

New York State Teachers Retirement System cut its stake in shares of Aon plc (NYSE:AON) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,304 shares of the financial services provider’s stock after selling 4,054 shares during the period. New York State Teachers Retirement System owned about 0.08% of AON worth $58,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. CVA Family Office LLC lifted its position in AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC lifted its position in AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares in the last quarter. waypoint wealth counsel lifted its position in AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 32 shares in the last quarter. Trust Co. of Vermont lifted its position in AON by 8.7% during the third quarter. Trust Co. of Vermont now owns 438 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 35 shares in the last quarter. Finally, Trust Co. of Oklahoma lifted its position in shares of AON by 3.5% in the third quarter. Trust Co. of Oklahoma now owns 1,071 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 36 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Down 0.4 %

Shares of NYSE AON opened at $369.43 on Thursday. The business’s 50 day moving average is $351.06 and its two-hundred day moving average is $317.89. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.42. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21. The stock has a market capitalization of $80.25 billion, a P/E ratio of 31.18, a PEG ratio of 2.43 and a beta of 0.92.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s payout ratio is currently 22.78%.

Analyst Ratings Changes

Several equities analysts have recently commented on AON shares. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Barclays started coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $355.75.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.