Aon plc (NYSE:AON) Shares Purchased by State Street Corp

State Street Corp increased its holdings in shares of Aon plc (NYSE:AON) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,844,121 shares of the financial services provider’s stock after acquiring an additional 32,417 shares during the period. State Street Corp owned approximately 4.09% of AON worth $3,059,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. Y.D. More Investments Ltd purchased a new position in shares of AON in the second quarter valued at $31,000. First Personal Financial Services purchased a new position in shares of AON in the third quarter valued at $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of AON in the third quarter valued at $42,000. Eastern Bank purchased a new position in shares of AON in the third quarter valued at $43,000. Finally, Nemes Rush Group LLC purchased a new position in shares of AON in the second quarter valued at $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AON. Deutsche Bank Aktiengesellschaft raised their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Finally, Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One 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’s stock. Based on data from MarketBeat, AON has an average rating of “Hold” and a consensus price target of $362.06.

AON Stock Down 0.6 %

Shares of NYSE:AON opened at $379.73 on Friday. The firm has a market cap of $82.12 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 2.42 and a beta of 0.91. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock’s 50-day moving average price is $369.65 and its two-hundred day moving average price is $333.55.

AON Dividend Announcement

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

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.