Mediolanum International Funds Ltd Reduces Position in Aon plc (NYSE:AON)

Mediolanum International Funds Ltd reduced its stake in Aon plc (NYSE:AON) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,669 shares of the financial services provider’s stock after selling 47,851 shares during the quarter. Mediolanum International Funds Ltd’s holdings in AON were worth $14,880,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Endeavor Private Wealth Inc. purchased a new position in shares of AON during the 4th quarter worth $29,000. Anchor Investment Management LLC increased its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in AON in the 3rd quarter worth about $37,000. RPg Family Wealth Advisory LLC purchased a new stake in AON in the 3rd quarter valued at about $42,000. Finally, Eastern Bank acquired a new position in shares of AON during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $494,292.00. Following the completion of 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 disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

AON Stock Up 1.2 %

AON stock opened at $371.13 on Friday. The firm has a market cap of $80.26 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 2.00 and a beta of 0.93. The firm has a fifty day moving average price of $366.89 and a two-hundred day moving average price of $353.09. Aon plc has a fifty-two week low of $268.06 and a fifty-two week 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s payout ratio is 22.78%.

Wall Street Analyst Weigh In

AON has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods decreased their target price on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Bank of America lifted their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $370.87.

AON Company 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.