HB Wealth Management LLC Has $1.91 Million Stock Position in Aon plc (NYSE:AON)

HB Wealth Management LLC boosted its position in Aon plc (NYSE:AON) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 5,313 shares of the financial services provider’s stock after acquiring an additional 67 shares during the period. HB Wealth Management LLC’s holdings in AON were worth $1,908,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AON. Farallon Capital Management LLC lifted its position in AON by 196.7% during the second quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after acquiring an additional 1,243,200 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in AON in the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP increased its stake in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after buying an additional 808,990 shares during the last quarter. Finally, Stone Point Capital LLC bought a new stake in shares of AON during the second quarter worth $151,808,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $377.00 to $410.00 in a report on Tuesday, January 14th. Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $370.87.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % 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 company insiders.

AON Trading Down 0.6 %

Shares of AON stock opened at $365.83 on Monday. The company has a 50 day moving average of $368.88 and a 200-day moving average of $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 plc has a 12-month low of $268.06 and a 12-month high of $395.33. The firm has a market cap of $79.12 billion, a P/E ratio of 30.87, a PEG ratio of 1.95 and a beta of 0.93.

AON Announces Dividend

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 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 dividend yield of 0.74%. AON’s payout ratio is currently 22.78%.

AON Company 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.