Salvus Wealth Management LLC Has $2.05 Million Stock Position in Aon plc (NYSE:AON)

Salvus Wealth Management LLC lessened its holdings in shares of Aon plc (NYSE:AON) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,718 shares of the financial services provider’s stock after selling 59 shares during the quarter. AON makes up approximately 1.3% of Salvus Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Salvus Wealth Management LLC’s holdings in AON were worth $2,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Diamond Hill Capital Management Inc. acquired a new position in shares of AON during the 3rd quarter worth approximately $336,375,000. Vontobel Holding Ltd. increased its holdings in shares of AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after purchasing an additional 57,847 shares during the last quarter. State Street Corp raised its position in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after buying an additional 20,084 shares during the last quarter. Finally, Retireful LLC bought a new stake in shares of AON during the 3rd quarter worth about $759,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred 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 directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $368.26 on Friday. The company has a 50 day moving average of $369.47 and a 200-day moving average of $348.00. The company has a market cap of $79.64 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. 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 1-year low of $268.06 and a 1-year high of $395.33.

AON Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on AON. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Bank of America upped their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.