Aon plc (NYSE:AON) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of Aon plc (NYSE:AONFree Report) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,540 shares of the financial services provider’s stock after acquiring an additional 392 shares during the period. Blue Trust Inc.’s holdings in AON were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp increased its holdings in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AON by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares in the last quarter. Veritas Asset Management LLP lifted its stake in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in AON by 15.6% in the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock worth $455,398,000 after purchasing an additional 177,956 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of AON by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock worth $417,528,000 after purchasing an additional 11,922 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at AON

In other AON news, COO Mindy F. Simon sold 650 shares of AON 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the 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 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 position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AON. Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price target on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Barclays boosted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. 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.com, the stock has an average rating of “Hold” and a consensus price target of $370.87.

Check Out Our Latest Analysis on AON

AON Stock Up 1.2 %

AON stock opened at $371.13 on Friday. The company’s 50-day moving average price is $366.89 and its two-hundred day moving average price is $353.09. The stock has a market cap of $80.26 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s payout ratio is 22.78%.

AON Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AON (NYSE:AON)

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