Forsta AP Fonden Increases Holdings in Aon plc (NYSE:AON)

Forsta AP Fonden increased its holdings in shares of Aon plc (NYSE:AON) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,800 shares of the financial services provider’s stock after purchasing an additional 900 shares during the period. Forsta AP Fonden’s holdings in AON were worth $14,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new stake in AON during the 4th quarter worth $29,000. Anchor Investment Management LLC boosted its position in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services purchased a new stake in AON during the 3rd quarter worth $37,000. R Squared Ltd purchased a new stake in AON during the 4th quarter worth $43,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in AON during the 3rd quarter worth $42,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of NYSE AON opened at $366.98 on Thursday. The stock has a market capitalization of $79.37 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.00 and a beta of 0.93. The firm’s 50-day moving average price is $367.15 and its two-hundred day moving average price is $352.99. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. AON’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of brokerages have commented on AON. Barclays boosted their price objective 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 upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective 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. Finally, Bank of America boosted their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and an average price target of $370.87.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated 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 owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.