Aon plc (NYSE:AON) Stock Holdings Trimmed by FDx Advisors Inc.

FDx Advisors Inc. decreased its holdings in Aon plc (NYSE:AON) by 32.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,087 shares of the financial services provider’s stock after selling 514 shares during the quarter. FDx Advisors Inc.’s holdings in AON were worth $390,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. acquired a new position in shares of AON during the 3rd quarter valued at $336,375,000. State Street Corp boosted its stake in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock worth $9,530,000 after acquiring an additional 1,451 shares during the period. Nomura Asset Management Co. Ltd. raised its position in AON by 13.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after acquiring an additional 20,084 shares in the last quarter. Finally, Retireful LLC acquired a new stake in AON in the 3rd quarter valued at about $759,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on AON shares. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. BMO Capital Markets upped 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, Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, AON presently has an average rating of “Hold” and an average price target of $386.21.

Insider Buying and Selling

In related news, COO Mindy F. Simon sold 650 shares of the business’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 completion of the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of AON 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 in the company, valued at approximately $3,131,291.36. This represents 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 insiders.

AON Stock Down 0.5 %

AON stock opened at $393.04 on Friday. The company has a market capitalization of $84.90 billion, a P/E ratio of 31.05, a P/E/G ratio of 2.15 and a beta of 0.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.65. The firm’s fifty day simple moving average is $367.99 and its 200-day simple moving average is $361.10. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the company earned $3.89 earnings per share. Sell-side analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is 21.33%.

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.