Maven Securities LTD Takes Position in Aon plc (NYSE:AON)

Maven Securities LTD acquired a new stake in Aon plc (NYSE:AON) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,494 shares of the financial services provider’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AON. Y.D. More Investments Ltd acquired a new stake in shares of AON in the second quarter valued at about $31,000. First Personal Financial Services acquired a new stake in shares of AON in the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON in the third quarter valued at about $42,000. Eastern Bank acquired a new position in AON during the third quarter worth about $43,000. Finally, Nemes Rush Group LLC acquired a new position in AON during the second quarter worth about $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

AON Price Performance

AON stock opened at $382.11 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The firm has a 50 day moving average price of $369.00 and a 200 day moving average price of $333.23. The company has a market cap of $82.64 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.42 and a beta of 0.91.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.71%. AON’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AON shares. BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. TD Cowen lifted their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Evercore ISI lifted their price target on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $362.06.

About AON

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.