Simon Quick Advisors LLC Buys 48 Shares of Aon plc (NYSE:AON)

Simon Quick Advisors LLC raised its stake in Aon plc (NYSE:AON) by 4.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,026 shares of the financial services provider’s stock after buying an additional 48 shares during the period. Simon Quick Advisors LLC’s holdings in AON were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Anchor Investment Management LLC grew 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 worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new position in shares of AON during the third quarter valued at $42,000. Eastern Bank bought a new stake in shares of AON in the third quarter valued at about $43,000. Finally, Nemes Rush Group LLC bought a new position in AON during the 2nd quarter worth about $45,000. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The stock was 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 $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Trading Down 0.9 %

NYSE:AON opened at $364.00 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a fifty day simple moving average of $367.82 and a 200-day simple moving average of $350.52. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a market capitalization of $78.72 billion, a P/E ratio of 30.72, a PEG ratio of 2.00 and a beta of 0.93.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.74%. AON’s payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped 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. Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.