Aon plc (NYSE:AON) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its stake in shares of Aon plc (NYSE:AON) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,153 shares of the financial services provider’s stock after acquiring an additional 128 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in AON were worth $414,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Anchor Investment Management LLC boosted its position in shares of AON by 1,162.5% in the 3rd 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 period. First Personal Financial Services acquired a new position in shares of AON in the third quarter worth about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of AON during the third quarter valued at approximately $42,000. Eastern Bank purchased a new stake in shares of AON in the 3rd quarter valued at approximately $43,000. Finally, Nemes Rush Group LLC acquired a new position in AON in the 2nd quarter worth approximately $45,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Down 0.6 %

AON opened at $365.83 on Monday. 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 quick ratio of 2.05 and a current ratio of 2.05. The business has a 50 day moving average price of $368.88 and a 200 day moving average price of $349.01. The firm has a market cap of $79.12 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

AON Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. AON’s payout ratio is presently 22.78%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AON. Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods dropped their target price on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Barclays increased their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm’s 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.