Aon plc (NYSE:AON) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP cut its holdings in shares of Aon plc (NYSE:AON) by 85.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,437 shares of the financial services provider’s stock after selling 83,772 shares during the quarter. Artemis Investment Management LLP’s holdings in AON were worth $5,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Anchor Investment Management LLC lifted its position in AON by 1,162.5% during the third 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 period. First Personal Financial Services purchased a new position in shares of AON during the 3rd quarter valued at about $37,000. RPg Family Wealth Advisory LLC acquired a new position in shares of AON in the 3rd quarter valued at about $42,000. Eastern Bank acquired a new stake in AON during the third quarter worth about $43,000. Finally, Nemes Rush Group LLC purchased a new position in AON during the second quarter valued at approximately $45,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm’s 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 completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

AON has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Wells Fargo & Company upgraded shares of 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 research report on Tuesday, January 14th. 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 research report on Monday, November 4th. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $370.87.

AON Trading Down 0.6 %

Shares of AON opened at $365.83 on Monday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The stock has a market cap of $79.12 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The firm’s fifty day moving average is $368.88 and its two-hundred day moving average is $349.01. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.74%. AON’s dividend payout ratio is presently 22.78%.

AON Profile

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.