Aon plc (NYSE:AON) Stock Holdings Lifted by Graypoint LLC

Graypoint LLC grew its position in shares of Aon plc (NYSE:AON) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,499 shares of the financial services provider’s stock after buying an additional 99 shares during the quarter. Graypoint LLC’s holdings in AON were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in AON. Massachusetts Financial Services Co. MA lifted its stake in shares of AON by 2.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after purchasing an additional 309,702 shares during the last quarter. State Street Corp boosted its stake in shares of AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AON by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares during the last quarter. Veritas Asset Management LLP lifted its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Finally, Independent Franchise Partners LLP grew its holdings in AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock valued at $707,390,000 after purchasing an additional 49,161 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred 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 sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AON shares. TD Cowen upped their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $315.00 to $377.00 in a research report on Monday, October 28th. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $368.67.

AON Stock Performance

NYSE:AON opened at $349.28 on Friday. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33. The firm has a market capitalization of $75.54 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The firm has a 50-day moving average price of $370.20 and a 200 day moving average price of $346.57. 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 Dividend Announcement

The business also recently declared 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. This represents a $2.70 annualized dividend and a yield of 0.77%. AON’s dividend payout ratio is 22.78%.

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.