Aon plc (NYSE:AON) Stock Position Boosted by Forsta AP Fonden

Forsta AP Fonden lifted its stake in Aon plc (NYSE:AON) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,800 shares of the financial services provider’s stock after acquiring 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.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its holdings in AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after buying an additional 38,447 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in shares of AON by 41.6% in the third 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 buying an additional 883,761 shares during the period. Cantillon Capital Management LLC boosted its stake in AON by 15.6% during the third quarter. Cantillon Capital Management LLC now owns 1,316,218 shares of the financial services provider’s stock valued at $455,398,000 after buying an additional 177,956 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in AON by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock worth $417,528,000 after acquiring an additional 11,922 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at AON

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on AON shares. Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. BMO Capital Markets boosted their target price 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, Jefferies Financial Group boosted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $370.87.

AON Stock Down 1.2 %

AON stock opened at $366.98 on Thursday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company’s 50 day simple moving average is $367.15 and its 200-day simple moving average is $352.99. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The firm 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.

AON Dividend Announcement

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. This represents a $2.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is presently 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.