Y Intercept Hong Kong Ltd Invests $788,000 in Aon plc (NYSE:AON)

Y Intercept Hong Kong Ltd bought a new stake in Aon plc (NYSE:AON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,278 shares of the financial services provider’s stock, valued at approximately $788,000.

A number of other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of AON in the 2nd quarter valued at about $31,000. First Personal Financial Services bought a new stake in AON in the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON in the third quarter valued at approximately $42,000. Eastern Bank acquired a new stake in shares of AON during the 3rd quarter worth approximately $43,000. Finally, Nemes Rush Group LLC bought a new stake in shares of AON in the 2nd quarter valued at $45,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the 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 completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the business’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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen upped their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, 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 research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $362.06.

AON Trading Down 0.4 %

NYSE:AON opened at $361.20 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The firm has a 50-day moving average price of $371.79 and a two-hundred day moving average price of $336.92. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $78.12 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.75%. AON’s dividend payout ratio is currently 22.78%.

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.