Anderson Hoagland & Co. Cuts Stock Position in Aon plc (NYSE:AON)

Anderson Hoagland & Co. reduced its position in Aon plc (NYSE:AON) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,896 shares of the financial services provider’s stock after selling 417 shares during the period. Anderson Hoagland & Co.’s holdings in AON were worth $3,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in AON in the fourth quarter valued at approximately $29,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of AON in the 3rd quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON during the 3rd quarter worth $42,000. Finally, Eastern Bank acquired a new position in AON during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other AON news, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 8,077 shares of the company’s stock, 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group upped their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. Finally, BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average price target of $370.87.

AON Stock Performance

NYSE AON opened at $368.91 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. 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 capitalization of $79.79 billion, a P/E ratio of 31.13, a PEG ratio of 2.00 and a beta of 0.93. The stock has a 50-day simple moving average of $367.37 and a two-hundred day simple moving average of $351.11.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio 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.