Aon plc (NYSE:AON) Shares Bought by Fmr LLC

Fmr LLC increased its position in shares of Aon plc (NYSE:AON) by 38.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 628,956 shares of the financial services provider’s stock after buying an additional 174,838 shares during the period. Fmr LLC owned about 0.29% of AON worth $217,612,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of AON in the 2nd quarter valued at $31,000. First Personal Financial Services acquired a new stake in shares of AON in the 3rd quarter valued at about $37,000. Eastern Bank purchased a new position in AON during the 3rd quarter worth approximately $43,000. Nemes Rush Group LLC acquired a new position in AON during the second quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC lifted its stake in AON by 52.7% in the second quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of the company’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 completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Lisa Stevens sold 1,275 shares of AON 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 directly owns 8,077 shares in the company, 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 owned by insiders.

AON Stock Performance

NYSE AON opened at $387.31 on Tuesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a market capitalization of $83.76 billion, a P/E ratio of 32.72, a PEG ratio of 2.45 and a beta of 0.91. The business has a 50 day moving average price of $366.76 and a 200 day moving average price of $331.55. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. AON’s dividend payout ratio is currently 22.78%.

Wall Street Analyst Weigh In

AON has been the subject of several research reports. Evercore ISI upped their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Keefe, Bruyette & Woods boosted their target price on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. TD Cowen increased their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $362.06.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.