Perpetual Ltd Reduces Stock Position in Aon plc (NYSE:AON)

Perpetual Ltd cut its holdings in Aon plc (NYSE:AON) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,208 shares of the financial services provider’s stock after selling 104 shares during the period. Perpetual Ltd’s holdings in AON were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AON. Anchor Investment Management LLC raised its stake in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services purchased a new stake in AON during the third quarter valued at about $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON during the third quarter worth about $42,000. Eastern Bank acquired a new position in shares of AON in the 3rd quarter valued at about $43,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON during the 2nd quarter worth about $45,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. TD Cowen lifted their target price on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods lowered their price target on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Bank of America boosted their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, AON has an average rating of “Hold” and a consensus price target of $370.87.

Insider Transactions at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents 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.

AON Stock Down 0.2 %

AON stock opened at $367.27 on Thursday. The company has a market capitalization of $79.43 billion, a P/E ratio of 30.99, a PEG ratio of 1.99 and a beta of 0.93. The firm has a 50 day simple moving average of $368.22 and a 200-day simple moving average of $350.41. 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 twelve month low of $268.06 and a twelve month high of $395.33.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.74%. AON’s dividend payout ratio (DPR) is presently 22.78%.

About AON

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.