Aon plc (NYSE:AON) Shares Sold by Granite Group Advisors LLC

Granite Group Advisors LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689 shares of the financial services provider’s stock after selling 297 shares during the period. Granite Group Advisors LLC’s holdings in AON were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AON. Thrivent Financial for Lutherans raised its holdings in shares of AON by 4.4% during the second quarter. Thrivent Financial for Lutherans now owns 11,285 shares of the financial services provider’s stock valued at $3,313,000 after acquiring an additional 480 shares during the last quarter. Marshall Wace LLP acquired a new stake in AON during the 2nd quarter worth $4,260,000. SkyView Investment Advisors LLC grew its holdings in shares of AON by 7.8% during the second quarter. SkyView Investment Advisors LLC now owns 2,949 shares of the financial services provider’s stock worth $866,000 after buying an additional 213 shares in the last quarter. Creative Planning lifted its stake in shares of AON by 9.2% in the second quarter. Creative Planning now owns 35,822 shares of the financial services provider’s stock worth $10,517,000 after buying an additional 3,016 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in AON during the second quarter worth about $45,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AON shares. Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. TD Cowen lifted their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. Barclays lifted their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $370.87.

Insider Buying and Selling at AON

In other news, insider Lisa Stevens sold 1,275 shares of AON 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 transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The sale 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 AON 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 transaction, the chief operating officer now 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. 1.30% of the stock is currently owned by corporate insiders.

AON Stock Up 1.2 %

Shares of NYSE AON opened at $368.91 on Monday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The business’s 50 day moving average is $367.37 and its two-hundred day moving average is $351.51. The firm 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. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is 22.78%.

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.