Aon plc (NYSE:AON) is Dudley & Shanley Inc.’s 3rd Largest Position

Dudley & Shanley Inc. lowered its position in Aon plc (NYSE:AON) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,827 shares of the financial services provider’s stock after selling 4,613 shares during the period. AON makes up about 5.2% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 3rd biggest position. Dudley & Shanley Inc.’s holdings in AON were worth $33,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in AON in the 2nd quarter valued at about $31,000. Diamond Hill Capital Management Inc. acquired a new position in shares of AON in the third quarter valued at approximately $336,375,000. Vontobel Holding Ltd. boosted its position in AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after acquiring an additional 57,847 shares during the last quarter. State Street Corp grew its stake in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after purchasing an additional 20,084 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON traded down $0.65 during trading hours on Friday, reaching $354.33. 546,150 shares of the company’s stock traded hands, compared to its average volume of 508,883. The firm has a market capitalization of $76.63 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.27 and a beta of 0.93. The business’s fifty day simple moving average is $372.46 and its two-hundred day simple moving average is $344.00. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. AON’s dividend payout ratio (DPR) is 22.78%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AON shares. Barclays raised their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets boosted their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $363.00.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred 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 in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Company 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.