Prairie Sky Financial Group LLC Sells 113 Shares of Aon plc (NYSE:AON)

Prairie Sky Financial Group LLC decreased its stake in shares of Aon plc (NYSE:AON) by 4.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,172 shares of the financial services provider’s stock after selling 113 shares during the quarter. AON accounts for approximately 0.5% of Prairie Sky Financial Group LLC’s investment portfolio, making the stock its 26th biggest position. Prairie Sky Financial Group LLC’s holdings in AON were worth $780,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AON. Ballentine Partners LLC raised its position in AON by 4.7% in the 4th quarter. Ballentine Partners LLC now owns 1,898 shares of the financial services provider’s stock valued at $682,000 after buying an additional 86 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in shares of AON by 2.3% in the fourth quarter. Pure Financial Advisors LLC now owns 10,328 shares of the financial services provider’s stock valued at $3,709,000 after purchasing an additional 235 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in AON by 11.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 59 shares during the last quarter. UMB Bank n.a. grew its position in AON by 11.7% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 191 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in AON in the 4th quarter valued at $280,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated 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 owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the 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 directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upped their price target 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. Finally, Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $370.87.

AON Trading Down 0.6 %

Shares of AON opened at $365.83 on Tuesday. The business’s fifty day moving average is $368.53 and its 200-day moving average is $349.90. The firm has a market cap of $79.12 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.04 and a beta of 0.93. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 yield of 0.74%. AON’s payout ratio is presently 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.