California State Teachers Retirement System 13F: Cuts AON Stake by $3.1M
The California State Teachers Retirement System has trimmed its position in Aon plc, reflecting a slight decrease in confidence.
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California State Teachers Retirement System sold 9,368 shares from its stake in Aon plc ($AON), a 2.94% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 308,973 shares worth $100.88 million at the end of the quarter.
Since the filing, $AON is down 2.2% after 1 week, up 0.0% after 1 month and down 10.2% to date (from the $325.83 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
AON
Aon plc
Key Points
- The California State Teachers Retirement System trimmed its stake in Aon plc (NYSE: AON) by 9,368 shares, reducing its total to 308,973 shares valued at approximately $100.9 million as of May 18, 2026.
- Aon plc shares are trading at $326.50, which is near its 52-week high of $382.34, indicating strong market interest in the company.
- Analysts maintain a positive outlook on Aon, with a consensus buy rating and a mean price target of $383.84, reflecting confidence in the company's growth.
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California State Teachers Retirement System Cuts Aon Stake
The California State Teachers Retirement System trimmed its stake in Aon plc (NYSE: AON) by 9,368 shares, bringing its total to 308,973 shares valued at approximately $100.9 million as of May 18, 2026. This adjustment reflects a 2.94% decrease in its position.
What This Means for the Fund's Portfolio
This reduction shows that the California State Teachers Retirement System is adjusting its investment in Aon, although it still holds a substantial number of shares. The fund has been active in managing its portfolio, indicating a careful approach to its investments.
Institutional Activity
No other funds reported changes in their positions in Aon plc during this filing period. This suggests that the California State Teachers Retirement System's action may be a unique adjustment rather than a response to broader market trends.
How Aon plc Stock Has Traded
Aon plc shares are currently trading at $326.50, which is close to its 52-week high of $382.34. This strong performance suggests continued investor interest in the company's services within the financial sector. The stock's recent activity indicates robust market confidence, especially as it remains above its 200-day moving average of $334.96.
Recent Earnings
Aon reported revenue of approximately $17.58 billion, reflecting a revenue growth of 2.2%. The company has an earnings per share (EPS) of $18.15 and a net margin of about 22.27%. The next earnings report is scheduled for October 30, 2026, which investors will be watching closely for further insights.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 1 raises.
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EPS & revenue
EPS met estimates. Revenue met estimates.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 9 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 3 target cuts.
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Earnings quality
Gross margin up 35.2 points. Operating margin up 5.0 points. Positive free cash flow.
Earnings Call Summary
Aon delivered strong first quarter results with 5 percent organic revenue growth and 14 percent adjusted earnings per share growth on slightly lower reported revenue of 5.03 billion dollars. Management highlighted broad-based strength in Commercial Risk, which grew 7 percent for the fourth consecutive quarter above 6 percent, driven by new hires in construction and data centers, plus strong retention in mid-90s. The company emphasized that artificial intelligence and advanced analytics are now driving both revenue gains and margin expansion through tools like Broker Copilot and Claims Copilot, with plans to invest 1.3 billion dollars in talent and technology through 2026.
Guidance Aon reaffirmed its full year target for mid-single-digit or better organic revenue growth and 70 to 80 basis points of operating margin expansion. The company expects continued momentum from new business wins, revenue-generating hires, and growing demand in data center and workforce solutions throughout 2026.
Very weak report. The release materially worsened the forward outlook.
Insider Buying and Selling at Aon plc
Several insiders have made recent trades in Aon plc. On June 25, 2026, Richard Notebaert, Gloria Santona, Sarah Smith, and Byron Spruell each bought 776 shares, indicating their confidence in the company's prospects. In contrast, Adriana Karaboutis sold 186 shares at an average price of $315.95, valued at approximately $58,767. These transactions reflect a mix of confidence and adjustment among company insiders.
Analysts Set New Price Targets
Analysts have maintained a generally positive outlook on Aon. On October 12, 2026, Wells Fargo maintained an Overweight rating with a target price of $323. Similarly, Keefe, Bruyette & Woods kept its Outperform rating with a target of $342. The consensus among analysts remains favorable, with a mean price target of $383.84 based on 19 opinions.
What Aon plc Does
Aon plc operates as a professional services firm, providing a variety of risk, health, and wealth solutions globally. This includes services like insurance brokerage, risk consulting, and retirement advisory. The recent changes in positions and analyst ratings highlight the ongoing interest in Aon's performance and future growth.
What's Ahead for Aon plc
Investors will be keeping an eye on Aon's upcoming earnings report on October 30, 2026, as well as any further filings from institutional investors. This 13F filing reflects the fund's position as of May 18, 2026, and may not represent its current holdings. The adjustments made by the California State Teachers Retirement System add another layer of interest to Aon’s ongoing developments.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $AON (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts