Aon plc (NYSE:AON) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its stake in Aon plc (NYSE:AON) by 17.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 880 shares of the financial services provider’s stock after selling 190 shares during the period. Norris Perne & French LLP MI’s holdings in AON were worth $316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in AON by 54.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,918 shares of the financial services provider’s stock worth $7,022,000 after purchasing an additional 8,436 shares during the last quarter. NewEdge Advisors LLC increased its position in AON by 50.5% in the 2nd quarter. NewEdge Advisors LLC now owns 11,266 shares of the financial services provider’s stock worth $3,307,000 after purchasing an additional 3,781 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in AON by 88.6% in the second quarter. EP Wealth Advisors LLC now owns 3,818 shares of the financial services provider’s stock valued at $1,121,000 after acquiring an additional 1,794 shares during the last quarter. Truist Financial Corp raised its holdings in AON by 4.2% during the second quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock valued at $7,627,000 after buying an additional 1,036 shares in the last quarter. Finally, Creekside Partners acquired a new position in AON during the second quarter valued at approximately $288,000. 86.14% of the stock is owned by institutional investors.

AON Stock Up 1.2 %

Shares of NYSE:AON opened at $371.13 on Friday. The business has a 50-day moving average price of $366.89 and a 200 day moving average price of $353.09. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. 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 $80.26 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.00 and a beta of 0.93.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 22.78%.

Insider Activity at AON

In related news, insider Lisa Stevens sold 1,275 shares of the company’s 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the 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 sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AON shares. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, TD Cowen raised their target price on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.