New York State Teachers Retirement System Sells 4,054 Shares of Aon plc (NYSE:AON)

New York State Teachers Retirement System reduced its stake in shares of Aon plc (NYSE:AON) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,304 shares of the financial services provider’s stock after selling 4,054 shares during the quarter. New York State Teachers Retirement System’s holdings in AON were worth $58,577,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock valued at $5,894,053,000 after purchasing an additional 64,500 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in AON by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the period. Mawer Investment Management Ltd. lifted its stake in AON by 1.2% in the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after acquiring an additional 52,099 shares during the period. Sustainable Growth Advisers LP lifted its stake in AON by 4.7% in the first quarter. Sustainable Growth Advisers LP now owns 2,805,199 shares of the financial services provider’s stock worth $936,151,000 after acquiring an additional 127,173 shares during the period. Finally, Independent Franchise Partners LLP lifted its stake in AON by 2.1% in the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after acquiring an additional 49,161 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AON shares. Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley lowered their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Finally, TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $355.75.

AON Stock Performance

AON opened at $369.43 on Thursday. Aon plc has a 52-week low of $268.06 and a 52-week high of $389.21. The company has a quick ratio of 2.42, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a market cap of $80.25 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The firm’s 50-day moving average price is $351.06 and its 200-day moving average price is $317.89.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s dividend payout ratio is currently 22.78%.

AON 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.