Mount Yale Investment Advisors LLC Decreases Stock Holdings in Aon plc (NYSE:AON)

Mount Yale Investment Advisors LLC lessened its holdings in Aon plc (NYSE:AON) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,450 shares of the financial services provider’s stock after selling 1,889 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in AON were worth $3,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in AON in the fourth quarter valued at about $29,000. Anchor Investment Management LLC raised 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 buying an additional 93 shares during the period. First Personal Financial Services acquired a new position in AON during the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new position in AON in the 3rd quarter worth approximately $42,000. Finally, Eastern Bank acquired a new stake in AON in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 1.2 %

Shares of NYSE:AON opened at $368.91 on Monday. The company’s fifty day moving average is $367.37 and its two-hundred day moving average is $351.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The stock has a market capitalization of $79.79 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

AON Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s dividend payout ratio is currently 22.78%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AON. BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $377.00 to $410.00 in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $370.87.

Insider Buying and Selling at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.