Aon plc (NYSE:AON) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its holdings in Aon plc (NYSE:AON) by 31.0% during the fourth quarter, HoldingsChannel reports. The fund owned 431 shares of the financial services provider’s stock after purchasing an additional 102 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in AON were worth $155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Park Avenue Securities LLC raised its holdings in AON by 210.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,691 shares of the financial services provider’s stock worth $2,044,000 after purchasing an additional 3,858 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of AON by 10.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,914 shares of the financial services provider’s stock valued at $687,000 after buying an additional 188 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in AON by 12.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,394 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 155 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in AON by 5.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 790 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 41 shares in the last quarter. Finally, Marcum Wealth LLC purchased a new position in shares of AON during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at AON

In related 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 transaction 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 legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research analyst reports. Jefferies Financial Group upped their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $377.00 to $410.00 in a report on Tuesday. BMO Capital Markets raised their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. 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 company’s stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus target price of $370.87.

AON Trading Up 2.0 %

Shares of AON stock opened at $368.26 on Friday. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a 50 day moving average price of $369.47 and a 200 day moving average price of $348.00. The company has a market capitalization of $79.64 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.95 and a beta of 0.93.

AON Dividend Announcement

The business also recently declared 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 0.73%. AON’s dividend payout ratio (DPR) is 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.