Insight Inv LLC Buys New Stake in Aon plc (NYSE:AON)

Insight Inv LLC bought a new stake in Aon plc (NYSE:AON) during the fourth quarter, Holdings Channel reports. The institutional investor bought 597 shares of the financial services provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Valley Wealth Managers Inc. grew its stake in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares in the last quarter. CVA Family Office LLC increased its stake in shares of AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares during the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of AON by 3.2% during the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 31 shares in the last quarter. Finally, waypoint wealth counsel raised its position in shares of AON by 3.6% in the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at AON

In other 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 transaction 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 $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI upgraded 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. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their target price on AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays upped 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. Finally, TD Cowen boosted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $370.87.

AON Trading Up 1.2 %

Shares of AON stock opened at $368.91 on Friday. The company’s 50-day moving average price is $367.37 and its 200-day moving average price is $351.11. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock has a market cap of $79.79 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.00 and a beta of 0.93. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33.

AON Announces Dividend

The business also recently announced 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 0.73%. AON’s payout ratio is 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.