BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 5,367 Shares of Aon plc (NYSE:AON)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in shares of Aon plc (NYSE:AON) by 14.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 32,653 shares of the financial services provider’s stock after selling 5,367 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in AON were worth $11,298,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AON. B. Riley Wealth Advisors Inc. raised its holdings in shares of AON by 56.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,612 shares of the financial services provider’s stock worth $523,000 after buying an additional 583 shares in the last quarter. Atria Investments Inc increased its holdings in AON by 15.0% in the 1st quarter. Atria Investments Inc now owns 5,837 shares of the financial services provider’s stock worth $1,948,000 after purchasing an additional 760 shares in the last quarter. Cetera Investment Advisers increased its holdings in AON by 255.5% in the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock worth $6,490,000 after purchasing an additional 13,977 shares in the last quarter. Cetera Advisors LLC increased its holdings in AON by 124.0% in the 1st quarter. Cetera Advisors LLC now owns 5,173 shares of the financial services provider’s stock worth $1,726,000 after purchasing an additional 2,864 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in AON by 20.0% in the 2nd quarter. GAMMA Investing LLC now owns 492 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.5 %

Shares of AON stock opened at $391.54 on Monday. The company has a market cap of $84.68 billion, a P/E ratio of 33.04, a PEG ratio of 2.45 and a beta of 0.91. The stock has a 50 day simple moving average of $366.76 and a two-hundred day simple moving average of $331.55. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s payout ratio is currently 22.78%.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm’s 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 completion of the sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AON. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays raised 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. Finally, Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $362.06.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.