Texas Permanent School Fund Corp Has $5.41 Million Stock Position in Aon plc $AON

Texas Permanent School Fund Corp cut its holdings in Aon plc (NYSE:AON) by 37.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,158 shares of the financial services provider’s stock after selling 9,220 shares during the period. Texas Permanent School Fund Corp’s holdings in AON were worth $5,408,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of AON by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after purchasing an additional 511,292 shares during the period. Geode Capital Management LLC increased its stake in AON by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after acquiring an additional 173,722 shares during the period. Bank of New York Mellon Corp raised its holdings in AON by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after acquiring an additional 473,594 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of AON by 13.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock valued at $965,715,000 after acquiring an additional 316,333 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in shares of AON by 1.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock worth $776,326,000 after purchasing an additional 40,213 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $351.78 on Thursday. The company’s 50 day moving average price is $346.41 and its two-hundred day moving average price is $355.96. The firm has a market capitalization of $75.61 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.01 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

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

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is 23.88%.

Analyst Ratings Changes

A number of research firms recently commented on AON. Barclays reaffirmed an “equal weight” rating and issued a $379.00 price target (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. Morgan Stanley set a $400.00 price target on shares of AON in a research report on Tuesday. UBS Group lowered their price objective on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company reduced their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Finally, Citigroup raised AON from a “neutral” rating to a “buy” rating and set a $402.00 price target for the company in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and an average target price of $413.18.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.