Insight Inv LLC Buys Shares of 597 Aon plc (NYSE:AON)

Insight Inv LLC bought a new stake in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 597 shares of the financial services provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in AON during the 4th quarter worth approximately $29,000. Anchor Investment Management LLC raised its holdings in shares of 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 bought a new stake in AON in the 3rd quarter worth about $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON during the 3rd quarter worth approximately $42,000. Finally, Eastern Bank bought a new position in AON during the third quarter valued at about $43,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.2 %

Shares of NYSE AON opened at $368.91 on Friday. The stock has a market capitalization of $79.79 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 2.00 and a beta of 0.93. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. 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’s 50-day moving average price is $367.37 and its 200-day moving average price is $351.11.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors 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 yield of 0.73%. AON’s payout ratio is 22.78%.

Insider Activity at AON

In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AON. Bank of America lifted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Jefferies Financial Group upped their target price 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. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $370.87.

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.