Sumitomo Mitsui Trust Group Inc. Has $163.19 Million Stock Position in Aon plc (NYSE:AON)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Aon plc (NYSE:AON) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 454,374 shares of the financial services provider’s stock after selling 159 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AON were worth $163,193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. bought a new position in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Anchor Investment Management LLC lifted its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of AON in the third quarter valued at approximately $42,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AON. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price of $386.21.

Insider Activity

In related news, COO Mindy F. Simon sold 650 shares of the business’s 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 owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated 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. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

AON Stock Performance

NYSE AON opened at $386.68 on Friday. The firm’s 50 day simple moving average is $365.42 and its 200 day simple moving average is $356.00. The firm has a market capitalization of $83.63 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 2.02 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the business posted $3.89 EPS. As a group, research analysts expect that Aon plc will post 17.39 earnings per share for the current fiscal year.

AON Announces Dividend

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 issued 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 0.70%. AON’s dividend payout ratio (DPR) is currently 21.33%.

AON Company 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.