Aon plc (NYSE:AON) Shares Sold by Strs Ohio

In its latest filing with the Securities and Exchange Commission (SEC), the Ohio Public Employees Retirement System (STRS Ohio) disclosed that it had reduced its holdings of Aon plc (NYSE: AON) shares during the fourth quarter of 2020. According to the Form 13F filing, STRS Ohio's position in Aon's stock decreased by approximately 4.4%, from 75,282 shares at the end of the third quarter to 71,980 shares as of December 31, 2020.

The reduction in STRS Ohio's holdings was due to the sale of 3,302 shares of Aon's stock during the quarter. Aon plc is a leading global professional services firm based in London, England, with operations in more than 120 countries. The company provides a range of risk management, insurance brokerage, reinsurance, and human resource solutions to clients around the world.

STRS Ohio is a public pension fund that manages retirement savings for more than 750,000 public employees and retirees in Ohio. The pension fund's investment portfolio includes a diverse range of assets, including equities, fixed income securities, real estate, and alternative investments. The pension fund's equity holdings include investments in various industries, including financial services, technology, healthcare, and consumer goods, among others.

The sale of Aon shares by STRS Ohio may be attributed to various reasons, including portfolio rebalancing or a shift in investment strategy. However, without further information from the pension fund, it is impossible to determine the exact reason for the sale.

Despite selling some of its holdings in Aon during the fourth quarter, STRS Ohio still holds a significant position in the company's stock. The pension fund's remaining 71,980 shares represent approximately 0.03% of Aon's outstanding shares as of December 31, 2020. The value of these holdings was estimated to be around $3 million based on Aon's stock price on December 31, 2020.

In summary, STRS Ohio reduced its holdings of Aon plc shares by 4.4% during the fourth quarter of 2020, selling 3,302 shares and leaving it with a remaining position of 71,980 shares. The pension fund's investment in Aon represents a small portion of its overall equity portfolio and is valued at around $3 million based on the company's stock price at year-end.