Fiduciary Alliance LLC Invests $2.72 Million in Aon plc (NYSE:AON)

Fiduciary Alliance LLC bought a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,573 shares of the financial services provider’s stock, valued at approximately $2,720,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co grew its position in AON by 548.8% during the fourth quarter. Matrix Trust Co now owns 266 shares of the financial services provider’s stock worth $96,000 after buying an additional 225 shares in the last quarter. Czech National Bank boosted its holdings in AON by 6.0% during the fourth quarter. Czech National Bank now owns 46,891 shares of the financial services provider’s stock valued at $16,841,000 after purchasing an additional 2,637 shares in the last quarter. Graypoint LLC boosted its holdings in AON by 7.1% during the fourth quarter. Graypoint LLC now owns 1,499 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 99 shares in the last quarter. Hilltop National Bank boosted its holdings in AON by 29.8% during the fourth quarter. Hilltop National Bank now owns 558 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 128 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in AON by 14.0% during the fourth quarter. Fulton Bank N.A. now owns 1,572 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 193 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred 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 owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Trading Down 0.3 %

Shares of AON stock traded down $1.12 on Monday, hitting $348.39. 58,415 shares of the company’s stock traded hands, compared to its average volume of 826,147. Aon plc has a one year low of $268.06 and a one year high of $395.33. The stock has a market capitalization of $75.34 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The firm’s 50-day moving average price is $370.20 and its two-hundred day moving average price is $346.98.

AON Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods reduced their target price on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $368.67.

AON Profile

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.