Aon plc (NYSE:AON) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its holdings in shares of Aon plc (NYSE:AON) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,279 shares of the financial services provider’s stock after selling 1,162 shares during the period. Brighton Jones LLC’s holdings in AON were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AON. Diamond Hill Capital Management Inc. acquired a new position in AON during the 3rd quarter valued at about $336,375,000. Veritas Asset Management LLP grew its stake in AON by 41.6% during the 3rd 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 purchasing 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 AON by 334.9% during the 3rd 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 valued at $363,475,000 after purchasing an additional 808,990 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in AON during the 3rd quarter valued at about $906,040,000. Finally, Accredited Investors Inc. grew its stake in AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after purchasing an additional 238,258 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’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 completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several research analyst reports. Bank of America boosted 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 upped their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $370.87.

AON Price Performance

NYSE:AON opened at $368.91 on Friday. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $79.79 billion, a PE ratio of 31.13, a P/E/G ratio of 2.00 and a beta of 0.93. The stock has a 50 day moving average price of $367.58 and a 200 day moving average price of $350.62.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s dividend payout ratio is presently 22.78%.

AON 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.