Hilltop National Bank Buys 128 Shares of Aon plc (NYSE:AON)

Hilltop National Bank raised its stake in shares of Aon plc (NYSE:AON) by 29.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 558 shares of the financial services provider’s stock after purchasing an additional 128 shares during the quarter. Hilltop National Bank’s holdings in AON were worth $200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Farallon Capital Management LLC increased its stake in AON by 196.7% in the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after acquiring an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in AON during the third quarter worth about $336,375,000. Veritas Asset Management LLP grew its stake in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after buying an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after buying an additional 808,990 shares during the last quarter. Finally, Stone Point Capital LLC bought a new stake in AON during the second quarter worth about $151,808,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.9 %

Shares of NYSE:AON opened at $349.28 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $75.54 billion, a PE ratio of 29.48, a PEG ratio of 2.27 and a beta of 0.93. The company has a 50 day moving average price of $370.20 and a two-hundred day moving average price of $346.20.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.77%. AON’s payout ratio is presently 22.78%.

Insider Buying and Selling at AON

In other news, 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 transaction 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. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on AON shares. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America upped their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $368.67.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.