Graypoint LLC Has $538,000 Stake in Aon plc (NYSE:AON)

Graypoint LLC lifted its stake in Aon plc (NYSE:AON) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499 shares of the financial services provider’s stock after purchasing an additional 99 shares during the period. Graypoint LLC’s holdings in AON were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in AON in the second quarter worth about $31,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of AON during the 3rd quarter worth approximately $336,375,000. Vontobel Holding Ltd. raised its stake in shares of AON by 150.4% during the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after buying an additional 57,847 shares during the last quarter. State Street Corp lifted its holdings in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after acquiring an additional 20,084 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. TD Cowen raised their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets upped their price target on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Wells Fargo & Company raised shares of AON from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $315.00 to $377.00 in a research note on Monday, October 28th. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AON has an average rating of “Hold” and an average price target of $368.67.

AON Trading Down 0.9 %

NYSE AON opened at $349.28 on Friday. The stock has a market capitalization of $75.54 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 2.27 and a beta of 0.93. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The stock’s 50 day moving average price is $370.20 and its two-hundred day moving average price is $346.57. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.77%. AON’s payout ratio is currently 22.78%.

Insiders Place Their Bets

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

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.