Chevy Chase Trust Holdings LLC Has $41.36 Million Position in Aon plc (NYSE:AON)

Chevy Chase Trust Holdings LLC trimmed its position in Aon plc (NYSE:AON) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 119,549 shares of the financial services provider’s stock after selling 2,238 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in AON were worth $41,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AON. Cetera Investment Advisers raised its holdings in AON by 255.5% during 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 during the last quarter. Cetera Advisors LLC lifted its holdings in AON by 124.0% in the first quarter. Cetera Advisors LLC now owns 5,173 shares of the financial services provider’s stock valued at $1,726,000 after buying an additional 2,864 shares during the period. GAMMA Investing LLC boosted its stake in AON by 20.0% in the second quarter. GAMMA Investing LLC now owns 492 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 82 shares during the last quarter. Fulton Bank N.A. raised its position in shares of AON by 8.9% during the 2nd quarter. Fulton Bank N.A. now owns 982 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 80 shares during the last quarter. Finally, CWM LLC boosted its position in shares of AON by 139.0% in the 2nd quarter. CWM LLC now owns 13,815 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 8,035 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 1.1 %

AON stock opened at $387.31 on Tuesday. The company has a market cap of $83.76 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 2.45 and a beta of 0.91. The firm has a 50-day moving average of $366.76 and a 200-day moving average of $331.55. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. Aon plc has a one year low of $268.06 and a one year high of $395.33.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.675 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s dividend payout ratio is 22.78%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent analyst reports. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Jefferies Financial Group increased their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Finally, Evercore ISI lifted their target price on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $362.06.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $494,292.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

About AON

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.