Retirement Systems of Alabama Sells 506 Shares of Aon plc (NYSE:AON)

Retirement Systems of Alabama trimmed its position in shares of Aon plc (NYSE:AON) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,457 shares of the financial services provider’s stock after selling 506 shares during the period. Retirement Systems of Alabama’s holdings in AON were worth $16,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter worth $31,000. Anchor Investment Management LLC lifted its holdings 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 acquiring an additional 93 shares during the last quarter. First Personal Financial Services purchased a new position in AON in the third quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new stake in AON during the third quarter worth approximately $42,000. Finally, Eastern Bank bought a new stake in shares of AON in the 3rd quarter valued at approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AON

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

AON Trading Down 0.4 %

Shares of NYSE AON opened at $361.19 on Monday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The firm has a market cap of $78.11 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91. The business has a fifty day simple moving average of $371.79 and a two-hundred day simple moving average of $337.75. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is 22.78%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AON. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI increased their target price on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Jefferies Financial Group increased their price objective 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. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $362.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.